Firms owing combined £10k to Ribble Valley Council wont be asked to pay

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Firms owing combined £10k to Ribble Valley Council wont be asked to pay
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The debt looks set to be written off

Nearly £10,000 in unpaid business rates and other debt owed by companies to Ribble Valley Borough Council looks set to be written-off.

Whitney Woods Ltd, of Unit 5, Time Technology Park in Simonstone has gone in liquidation, a committee report states. The company owed Ribble Valley Council almost £3,230 in business rates from the 2019-20 financial year and just over £5,000 from 2020-21, totalling just over £8,142 in business rates plus £60 in costs.

The report for Whitney Woods adds: “Liquidation is the process by which a company, or part of a company, is brought to an end, and the assets and property of the company are redistributed. It is unlikely in these cases that, as an unsecured creditor, we will receive any funds. But if we do an adjustment will be made to the amount written off.”

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