“I was pleased to receive the recommendation from Tim Catterall. When I saw the initial case details, the 100% increase seemed excessive. The owners were surprised at the magnitude of the increase and said that if they knew about the increase earlier they would have made adjustments to their finances to accommodate the significant additional operating cost.
This was an interesting case for a number of reasons.
In the 2010 Rating List, nearly all holiday homes/cottages/lodges were valued on a per bed space, the comparison to other businesses was relatively straight forward. In the 2017 Rating List the larger lodge sites were valued on the same basis as caravan parks, which is a % of turnover.
As the new method of valuation is based on accounts there is limited rental comparisons readily available and the turnovers of other similar properties are protected.
I reviewed a significant amount of literature on lodge park operators and operation costs.
The new Challenge required the full case to be submitted, which took some considerable time as evidence was limited, the case had to draw on all my experience in various leisure industry trading valuations/rating cases to come up with a strong argument.
I was pleased with the reduction and it will hopefully assist my client in getting through these difficult times.”