Boost for business after rate reduction

Sean and Tim Kilmartin  have been successful in gaining a business tax rebate for the two businesses with the help of Darren Thompson and Ian Eglintine.
Sean and Tim Kilmartin have been successful in gaining a business tax rebate for the two businesses with the help of Darren Thompson and Ian Eglintine.
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Two brothers are reaping the benefits of fighting to have their business rates reviewed.

Sean and Tim Kilmartin feared they may have to consider closing one of their venues due to the high cost.

With the help of B Logical we have secured long term cost savings.

Sean Kilmartin

However, after calling on the help of B Logical, based in Fowler Street, South Shields, they have had their business rates slashed by more than £10,000 a year.

The brothers, who own The Italian Stove in Ocean Road, The White Lead in Hebburn, and The Italian Retro in Stanhope Road, had been paying more than £45,000 in business rates.

But after B Logical took on their concerns, six months of research and discussions with the valuation office led to a reduction of ongoing business rates cost and a cash rebate.

The money they have saved is now being ploughed back into their businesses – including securing 70 jobs after they signed a new six-year lease for their sites.

The savings have also allowed the brothers to invest in the rebranding of the Italian Retro and extend its opening hours.

Mr Kilmartin said: “The restaurant trade is very competitive in the area, and ensuring we deliver the service and food that we pride ourselves on is very important to us.

“When reviewing the leases for the sites we mulled over renewing, as the fixed cost base was extremely high and we potentially may have decided to close one of the sites.

“With the help of B Logical, we not only have secured rebates, which has allowed us to invest money into the sites, we have also secured long-term cost savings which helps us to continue to invest and drive our businesses forward.”

Director at B Logical Mr Thompson said: “Sean and Tim have a fantastic operation and being able to use our skills to help them reduce their business costs is a positive result for ourselves.

“Feeling that we have indirectly helped to secure jobs in the area is a great feeling.

“We work with a wide range of businesses but business owners like Sean and Tim are one of the best to work with, they are passionate about their businesses and are open to allowing experts such as ourselves to come in and benefit from our skills.

“Working with serious business owners who are passionate and driven to succeed makes our jobs far easier as they are open to change and will not sit by and simply ‘carry on’.

“They have put their trust in us and we have delivered cash rebates and significant ongoing savings.”

B Logical was formed in 2012 to help businesses reduce costs and increase profits.

The team, who work with businesses across the UK, has more than 40 years combined experience across a wide range of business sectors.

For information on B Logical, its website HERE or call on 0191 427 4951.