J D Weatherspoon, The Master Mariner, 3-5 Union Terrace, 3-5 Union Terrace, CH45 2JT
Public house and premises Decided 1 December 2021 M0267075 BNP Real Estate - Birmingham
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant, JD Wetherspoon, challenged a transitional certificate certified value of £142,000 RV, arguing the property overtraded due to its low pricing policy and that appropriate discounts should be applied to the fair maintainable trade. The tribunal accepted that overtrading had occurred and that substantial discounts of 35% for wet/AWP machines and 45% for dry trade were warranted, reducing the FMT accordingly. The tribunal determined the correct valuation at £93,500 RV, allowing the appeal in part.
Summary generated from the decision text and checked against it. The appellant was JD Wetherspoon, represented.
Grounds argued
- Trading receipts (pubs, hotels) · decisive
- Evidence
- Trading accounts, Expert report
- Hearing
- 13 October 2021
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