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When I read it back, I assumed that if you hadn't got a valuation certificate within the last year, you would fall back to the £7,500 threshold or the last valuation carried out, but no, they've simply rejected it outright.
An outside firm did the last valuation in 2004.
This has almost certainly swelled further since the last valuation in 2010.
Rents have fallen 40% in Rochdale since the last valuation in 2008.
The second is council tax, an annual levy on property which varies with its value (although the last valuation in England and Scotland was done in 1991).
At the last valuation, we had net assets of $1bn on the books but many of these assets were bought at distressed prices.
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Meanwhile, competitors like Google aren't taking the challenge of new functionality from a band fo startups at face value (or their last valuations).
However, it's last private valuation was close to $1 billion, the company priced under that mark, and has since moved past the $1 billion valuation threshold into unicorn-land.
With investors sure to bake hope into the I.P.O., Twitter's last internal valuation is set to look old hat.
At the same time, however, the value of their properties has been going up by about 40% since 1995, its last official valuation, in Debenhams's case.
As for the pension, Morgan Stanley estimated a pre-tax pension deficit of £5.5bn as of June 30, 2014 from the last triennial valuation of £3.9bn.
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