About Portrait Group Limited
With a unique combination of deep local expertise and leading-edge technology, we provide customers with market insights and advice to best manage their business rates.
Unlike others in the industry, Portrait do not charge an upfront fee to carry out a commercial or property assessment. Our systems and Project Co-Ordinators will determine potential savings and present them to customers upfront.
We have built our own platform which actively matches both national and local data sets to identify opportunities that could be taking advantage of.
Our approach is without pressure and our results speak for themselves, which is why we don’t need to charge upfront fees.
But what are business rates?
For establishments such as offices, storefronts, and certain manufacturing sites, these taxes are determined by applying the Standard Business Rates Multiplier to the assessed value of the property. This valuation is derived from piecemeal rental data gathered by the Valuation Office Agency.
For hotels, bars, recreational facilities, and specific industrial and farming properties, the assessed financial value is often calculated using revenue or production figures.
The Valuation Office typically lacks precise local leasing data and is even less aware of a company’s revenue, placing the responsibility on the business owner or their representative to initiate a formal dispute to amend the valuation.
Over recent years, the Valuation Office has increasingly complicated the process for contesting and lowering commercial property taxes. In reaction, Portrait has developed what we consider the most effective strategy in the industry to swiftly address and reduce commercial taxes, achieving substantial cost savings. We specialise in navigating the intricacies of the “Check, Challenge, Appeal” assessment system.
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