Eden to write off £72,000 bad debts
EDEN Council intends to write off more than £72,000 of “irrecoverable” bad debts at a meeting next week.
It relates to three cases of unpaid business rates and a case of overpaid housing benefit.
A company called Wessgate Limited, in charge of the Sportsman Inn at Troutbeck, went into receivership in February, owing £44,511 to the council.
And a Manchester-based company running the Indian Plaza in Middlegate, Penrith, was also dissolved in March. It owed £14,528 to the council.
A third company, registered in Scotland, also owed £8,207.
Business rates are collected by Eden but go to the Government, although the council takes a 20 per cent. hit on any write-off.
A report to next week’s meeting of the resources portfolio committee reads: “It should be noted that all income-generating organisations, both in the public and private sectors, will suffer from a level of irrecoverable debts. However, this council’s collection levels for the main types of debt compare favourably to the national average.”