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.