Altus Group
Reporting on commercial property insights, business rates analysis, and policy commentary from a consultancy regularly referenced across the UK hospitality and foodservice sector. This section highlights data on rent, valuations, tax appeals, and trading pressures, supporting operators, landlords, and F&B decision-makers in understanding how property-related costs and legislative changes impact venue profitability and long-term planning.
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Dec- 2019 -3 DecemberBusiness
Outstanding business rates challenges increase by 35%
The number of businesses waiting for challenges over soaring business rates to be resolved has jumped by more than a third in just three months, according to new figures issued by HM Revenue & Customs (HMRC). The figures revealed the number of outstanding challenges has increased by 35% fuelling concerns…
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Sep- 2019 -23 SeptemberBusiness
Bailiffs visit 310 premises a day over business rates, study finds
Councils across England are sending bailiffs to 310 companies a day over business rates arrears, new figures show. The investigation by the real estate adviser Altus Group revealed that, during the last financial year, for 2018/19, over 78,000 non-domestic properties from shops to restaurants to pubs to factories to offices…
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Jul- 2019 -22 JulyPubs and Bars
40 pub closures a month in 2019, study finds
Around 40 pubs a month, a total of 235, have closed since the start of the year according to the real estate adviser, Altus Group. According to the research the rate at which pubs are vanishing either being demolished or converted into other types of use such as homes and…
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Apr- 2019 -23 AprilBusiness
British communities lost 914 pubs in 2018
During the 2018 calendar year, a total of 914 pubs closed down according to real estate advisor Altus Group’s annual business rates review, which is set to be released this week. On 1 January 2019 the total number of pubs in England and Wales, liable for business rates, fell to…
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1 AprilBusiness
Shops, pubs and restaurants to get £500m tax reprieve
Small firms on England’s embattled high streets are set to share in half a billion pounds worth of tax cuts as business rates bills are slashed, real estate adviser Altus Group has said. The government announced a business rates discount scheme for small sized high street properties in England which…
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Mar- 2019 -21 MarchBusiness
Businesses left waiting for rates discounts as deadline approaches
Businesses in England were promised millions of pounds in support by the chancellor last October but, less than two weeks before the start of the new tax year on 1 April, many are still either waiting for discounts worth up to £8,000 or haven’t yet applied. The government announced a…
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1 MarchBusiness
Business rates appeals drop under ‘complicated’ system
Businesses are struggling with the new ‘check challenge appeal’ (CCA) business rates appeals system, according to rating experts at Colliers International, commercial real estate agency and consultancy. New figures released by the government show that in the 21 months between 1 April 2017, when the new system for appealing against…
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Feb- 2019 -26 FebruaryPubs and Bars
Pub and restaurant closures lead to 31% rise in insolvency costs
Insolvent companies, across all sectors of the British economy, that couldn’t pay their debts have cost taxpayers £3.07bn in payments to former members of staff during the last decade new research has revealed. Last year, during 2018, The Insolvency Service an agency of The Department for Business, Energy and Industrial…
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1 FebruaryBusiness
MPs launch business rates inquiry
The Treasury Committee has launched a new inquiry into business rates to scrutinise how government policy has impacted high street businesses. The committee will examine how business rates policy has changed, including business rates retention, alternatives to property-based taxes, such as the proposed digital services tax. Nicky Morgan MP, chair…
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Jan- 2019 -2 JanuaryRestaurants
10,000 restaurant jobs lost in 2018 with more expected
The casual dining crunch saw 30 people a day lose their jobs during 2018 through administrations, CVAs and rationalisation a study by the Centre for Retail Research (CRR) has revealed. Gourmet Burger Kitchen, Carluccios, Prezzo, Chimichanga, Byron and Jamie’s Italian were amongst the big name restaurant chains that closed outlets…
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