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26-27 June 2019 | ExCeL London

26 - 27 June 2019 | Excel London

26 - 27 June 2019 | Excel London

REGAIN POWER OVER YOUR UTILITIES

Reducing energy consumption and introducing energy saving products to your property can be a sure-fire way to save money, but are there other areas that could produce savings and potentially bring a hit of cash back into your business?

Energy saving and reducing usage has always been a way to decrease outgoings, but looking at additional charges and other utilities could be a way of reducing these further, also if there was any mischievous mischarging going on you may be able to gain a rebate. With the business water market now deregulated, there are further opportunities to seek out those savings.

The deregulation of water has brought with it many consumer benefits, for example all water companies need to sharpen up their customer service and offer much more to stay ahead of the competition. Prior to this, many have found water suppliers wouldn’t work to their best but now the deregulation is in full swing, you now have the opportunity to regain control over your water.

Water audits provide good guidance moving forward with reducing usage and can also highlight areas any previous overcharges. They are usually free to complete; however, many companies do charge a percentage of the savings and/or rebate. It’s certainly worth considering if a large amount of water is used at your business property.

Another area that could provide a quick win for your business is looking into additional energy charges. Working in the care industry may entitle you to gain a reduced VAT rate, but have you always been charged this? Simply investigating your payment history could show if you have fallen victim to the inflated 20% rate.

utility

Recently we worked with a multi-site care home that was found to have been overcharged for their VAT. This was discovered when a standard bill validation was carried out by a consultant.

Understanding how the system works and the most effective way to address this can be tricky however, an experienced consultant should be able to work through this process with you (this a good way to put your broker to the test).

We have helped to gain a £23,000 tax rebate for the business and since then we secured a new gas contract that has a huge £17,000 annual difference from the previous contract.

There are savings to be made and rebates to be had across VAT and water so why not get in touch to get these looked into? Call us today on 0800 007 4001 to discuss your energy and water with an experienced consultant.

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