The Client
Public Sector Authority
The Portfolio
The portfolio consisted of approximately 70 properties. The units were predominantly freehold and the leasehold premises were small units at low rent.
The Savings
We identified not only historic overpayments, but also a future income.
| Area of Savings | Historic Savings | Savings/income in next 5 years |
| Non-domestic rates | £64,434 | £124,764 |
| Service charge | £19,210 | £18,504 |
| Rents | £1,091 | £5,966 |
| TOTAL | £84,735 | £149,234 |
Summary
As a direct result of the Audit, JJC identified:
- Historic overpayments totalling £84,735
- A saving of future overpayments totalling £24,470
- Generated an income stream of £124,764 over the next five years
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“I was fairly confident that JJC would not be able to find many examples where there are shortcomings in our systems as they are all rigorously audited”
