City councillors agree to write off more than £400,000 of debt
Norwich City Hall. Picture: Colin Finch - Credit: Archant é 2004
Norwich City Council has resigned itself to the loss of more than £400,000, after agreeing to write off a series of debts - including one dating back to the 1990s.
At Wednesday's cabinet meeting, members agreed to write off £266,000 in unpaid business rates, as well £147,226 of debt pre-dating 1998.
The business rates debts relate to a company called Project Zeus, which ran the bars Mercy, Flaunt and Rocco's restaurant on Prince of Wales Road, which went into liquidation in December 2016.
Members also agreed to write off around £40,000 owed by Eylex Ltd, a menswear retailer which went into liquidation last summer.
Councillors also agreed to write off more than £147,000 the council claimed to be owed from Norfolk County Council, relating to work it carried out between 1996 and 1998, as part of the highways agency agreement.
You may also want to watch:
In both cases, cabinet members agreed the debts were irrecoverable.
Most Read
- 1 Deputy lieutenant of Norfolk sells beloved thatched Broads home
- 2 Part of seventh skeleton discovered in city street
- 3 Coronavirus outbreak at construction company working on County Hall
- 4 Covid rips through care homes again with deaths almost doubling in a week
- 5 Aviva to close two large office sites in Norwich
- 6 New 24-hour McDonald's branch poised for green light
- 7 Could free public transport rescue Norwich city centre?
- 8 Plans for affordable flats for rough sleepers approved despite concerns
- 9 Wetherspoon pubs reveal reopening plan after 'zero' sales
- 10 Nurse's 'heartbreak' over hospital care as her father dies on Covid ward