Issue - meetings
Business Rates - Write Offs
Meeting: 23/07/2024 - Cabinet (Item 30)
30 Business Rates - Write Offs 
PDF 101 KB
Additional documents:
Decision:
As detailed in the recommendation.
Minutes:
Councillor Thomas introduced the report and explained that for individual bad debts more than £25,000, Financial Procedure Rules (section 5.2) asked Cabinet to approve recommendations to write off debts.
Three Business Rate debts, relating to liquidated companies, and totalling £99,085.39, were deemed to be irrecoverable and the writing off the debts was now a
necessary step. The debts relate to:
- Ace Rotomould Ltd £40,986.72
- Premier English Manufacturing Ltd £33,062.00
- Premier Grip Trading Ltd £25,036.67
There were no direct financial implications for the Council or local taxpayers by writing off the three debts
RESOLVED:
That the write off of the business rate debts, amounting to £40,986.72 for Ace Rotomould Ltd, £33,062 for Premier English Manufacturing Ltd, and £25,036.87 for Premier Grip Trading Ltd be approved.