Fore! Business rates savings for golf courses. How to claim a reduction in business rates.
Golf is a multi-million pound leisure industry in England with over 1,800 official courses attracting in excess of 600,000 registered players.
Altus Group is a trusted business rates specialist for over 300 golf club clients, including several listed in England’s top 100 courses such as Wentworth, St Georges Hill, St Enedoc and West Hill.
Our team of experienced business rates Chartered Surveyors have had success in dealing with appeals for golf courses for over 25 years.
Business rates is a significant cost in running a golf course, and this cost has remained fairly constant for many years despite a general decline in the profitability of clubs. Lack of profitability at many clubs makes it difficult to continually invest and improve facilities to attract and retain players.
Altus Group business rates consultants have a thorough understanding of the current golfing market and the factors that are adversely affecting the golfing industry, including:
- Too many golf courses chasing too few golfers
- An ageing golf membership which is not being replaced quickly enough by younger players
- Competing leisure pursuits resulting in younger people trying different sports, such as cycling
- High membership subscriptions
The Rateable Value produced by the Valuation Office will typically be made up of a single price for the golf course itself reflecting its quality and location. Further additions take account of the clubhouse, greenkeepers buildings and any driving ranges.
Market knowledge is invaluable. In recent years there has been an increase in the number of people enjoying family based golf leisure activities such as ‘Top Golf’. Altus Group business rates specialists have considerable experience in dealing with the impact these diverse and growing golfing pursuits have on business rates liabilities. If you are paying too much in business rates, our specialist Surveyors can help to reduce them.
Want to try a round of golf? To find out more about the sport, take a look at England Golf, and to ensure the business rates you are paying are accurate and fair, score a hole in one and contact the UK’s number one business rates advisor for peace of mind and a no win no fee service.