Purpose

 To approve the proposed write-off of outstanding debts

Decision

RESOLVED

That the Executive approves the proposed write off of outstanding debts as summarised in Appendix A (Exempt) of the report.

Reason for Recommendation: The Council’s Constitution (Financial Procedure Rules) requires the approval of Executive to write off debt more than £25,000. It is considered that this debt cannot be recovered.

Alternative Option Considered: The alternative option would be to periodically review and pursue the debt. However, following the action already undertaken and the status of the businesses (administration, liquidation or dissolved), it is considered irrecoverable at this time and would not be economical to continue to pursue.