Company Profile

Goodman Nash was formed in 1994 to identify and exploit specific avenues of financial recovery (we call them Recovery Initiatives) that typically only apply to a small minority of commercial property occupiers. Our work should not be confused with that of rating agents who aim to reduce rate liability through the RV appeals process. Almost without exception, our clients also retain the services of a rating agent, and there is no conflict of interest or duplication of work.

Our first major Recovery Initiative launched in 1994 culminated in a Court of Appeal [1999] decision against the Valuation Office Agency on two test cases. The Court ruled in our clients' favour that the Valuation Office had incorrectly interpreted Regulation 18 of the Non-Domestic Rating (Transitional Period) Regulations 1990 regarding the circumstances in which the valuation officer should certify a rateable value for transitional purposes from the 1973 List for the purpose of the 1990 List. Through this Initiative we went on to recover more than £30m in rates overcharges across some 18,000 properties.

This first Initiative was in effect a springboard from which we have launched a myriad of further recovery types that typically involve the correction of historical errors, anomalies and omissions on the part of the Valuation Office and the Billing Authorities. We have acted on such recoveries for many of the largest organisations in the Retail/Leisure, Industrial/Manufacturing, Finance/Professional Services, Local Authority and NHS sectors, as well as for literally thousands of small and medium sized businesses.

In addition to pro-actively tracing and marketing 'one-off' rate recovery opportunities, Goodman Nash undertakes full property and rates audits for clients that have property portfolios of, typically, more than fifty properties. We believe that we have the largest and most experienced rates audit team in the country, complemented by powerful in-house developed software that automates many aspects of the auditing process. Our audit clients include major banks, retailers, pub chains and other organisations with significant property interests. Savings generated by rates audits typically range from £50,000 to over £3,000,000, depending upon the portfolio size.

Goodman Nash is regulated by the RICS. We employ around 60 staff, many with senior Valuation Office and Billing Authority backgrounds. Our Head Office is located in Devizes, Wiltshire and we have a London branch in Shepperton.