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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 2019 - 2020 of over
£50,000 and also provide a summary of debts written off using
delegated authority.
The Leader of the Council presented report FIN/490 of 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 £301,982.60.
RESOLVED
That the Cabinet approves the write-off of the Business Rates debt as set out below
Name and Address |
Reason |
Total £ |
Genus UK Ltd 15 County Mall |
In Administration |
57,529.67 |
Monsoon Ltd 10 & 11 County Mall |
Entered into Company Voluntary Arrangements |
82,320.00 |
Premier Parking Gatwick Ltd Land Peeks Brook Lane |
In Liquidation |
162,132.93 |
Total |
|
301,982.60 |
Reasons for the Recommendations
The Council’s Constitution necessitates amounts exceeding £50,000 requiring write-off to be approved by the Cabinet.
Report author: Karen Hayes
Publication date: 10/02/2020
Date of decision: 05/02/2020
Decided at meeting: 05/02/2020 - Cabinet
Accompanying Documents: