Thames Water Compensation for loss of business profits
Calculation of financial impact of roadworks on businesses
Station to Station BID is gathering information on how Thames Water’s roadworks might impact local businesses. In order to calculate if there is business disruption, Thames Water & Lambeth will require weekly / monthly turnover and takings.
We are looking for participants to provide anonymised sales data (% change only). This will be the same information that both Lambeth Council and Thames Water are requesting for business rates relief and compensation – but if you submit this data to Noggin Ltd, the independent analysis company we have contracted, we can use the data to apply pressure on both council and Thames Water to accept that there is financial hardship in the area, should that be the case.
Noggin will be requesting the following information on a weekly basis:
• Week on Week % change in sales.
• Year on Year % change in sales.
You may include or exclude VAT as you prefer, we just ask for consistency throughout.
How it works
Using your nominated email/mobile number, Noggin will contact you every Monday and ask for your latest % changes by close of businessWednesday.
We simply require a response with the week-on-week and year-on-year change. For example, by replying 13 -5 will tell us that you are up 13% vs last week, and down 5% vs last year on the same week.
The figures will then be analysed, with aggregated results provided to the BID and participants
Contact us if you wish to participate firstname.lastname@example.org