MCCANN ERICKSON
CLIENT BRIEFMcCann Erickson is a global advertising agency network whose mission is “to help brands discover their true story” and who have worked alongside huge brands like Coca Cola, Mircosoft,…
CLIENT BRIEFMcCann Erickson is a global advertising agency network whose mission is “to help brands discover their true story” and who have worked alongside huge brands like Coca Cola, Mircosoft, Nestle and MasterCard to name but a few.
Ask-re were instructed to appeal their business rates liability for the 2005 List. Upon investigation we found that they were being massively over-charged on Business Rates while residing commercially in a unique building, a Grade II listed multi-storey car park—converted to “The Mothership” in 2000.
OUR PROFESSIONAL APPROACHAsk-re’s first move was to explore and seek-out special procedure directions from the Valuation Tribunal, due to the uniqueness of the building, which is a one-of-a-kind in London, we felt it was necessary to apply for special procedural directions to maximise our chances of achieving full Tribunal consideration of our case for a sizeable reduction in their business rates liability. Ask-re spent 18 months of negotiation and preparation to present the appeal at the Hearing, bringing-in other experts and our specialist lawyer as advocate.
THE SUCCESS STORYAfter 2 full days at Valuation Tribunal (something that is rarely heard of!) we achieved a reduction of 20% off the rateable value, worth £350,000 cash to McCann.
This was ask-re’s 16th consecutive win at Tribunal since mid-2013!
We are now well placed to proceed with the 2010 List appeal to try and improve the clients tax liabilities up to the 2017 Revaluation.
THE VERDICT"Meticulous, Patient, professional - and extremely effective. Good to work with a multi-skilled team!" - Saj Manzoor, Chief Financial Officer