Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
While the Council endeavours to collect all debts due to the council, there will inevitably be some debts that remain irrecoverable. Individual debts of up to £50,000 can be written-off using delegated powers. This report will seek authority to write off individual debts in 2018/2019 of over £50,000 and also provide a summary of debts written off using delegated authority.
The Leader of the Council presented report FIN/463 the Head of Corporate Finance, which sought approval to write-off debts to the Council that were considered to be irrecoverable and exceed the delegated limit of £50,000 per write-off. The proposed write off in excess of £50,000 totalled £465,312.38.
RESOLVED
That the Cabinet approves the write-off of the Business Rates debt of the following
Name & Address
|
Reason
|
Total £ |
||||
Genus UK Ltd 15 County Mall |
Entered into CVA
|
67,633.43
|
||||
Hhgl Ltd Homebase, Crawley Avenue |
Entered into CVA
|
117,148.50
|
||||
New Mount Properties Ltd 8 & 9 Queens Square |
Offshore Company Unenforceable |
164,089.55
|
||||
Smokin Joes Crawley Ltd 75 County Mall |
Proposal to strike off
|
64,348.49
|
||||
The Buyco Ltd Pegasus Place |
In Liquidation |
52,092.41 |
||||
|
|
|
465,312.38 |
|
||
Reasons for the Recommendations
The Council’s Constitution necessitates amounts exceeding £50,000 requiring writeoff to be approved by the Cabinet.
Report author: Karen Hayes
Publication date: 23/10/2019
Date of decision: 13/03/2019
Decided at meeting: 13/03/2019 - Cabinet