Skip navigation

Gloucestershire Business News

Councils send in the bailiffs to thousands of struggling businesses

Bailiffs have taken action against around 41,000 companies unable to pay higher business rates since last year's controversial revaluation, it is claimed.

Business rates advisors, the Altus Group estimates English and Welsh councils have referred tens of thousands of businesses to bailiffs that were given the power to enter premises, seize goods and sell them at public auction to settle debts, it is reported on Sky News.

But the figure only covers the number of referrals from April to September 2017 - the first five months after revaluation.

Sky News says many companies operating in London and the South East faced the biggest increases. The Government has asked councils to be proportionate in enforcement and use bailiffs only as a last resort.

Alex Probyn, president of business rates at Altus Group, said the deeply unfair system of transitional adjustment severely limits the amount by which bills can go down, meaning many businesses are paying disproportionately high bills in locations where local economies are underperforming and values are falling.

Related Articles

GE Aerospace sees orders and profits soar Image

GE Aerospace sees orders and profits soar

GE Aerospace has raised its full-year profit guidance after releasing its first quarter financial results.

Decathlon extends sustainable sport gear scheme Image

Decathlon extends sustainable sport gear scheme

Sports retailer, Decathlon, has expanded its sports gear buyback scheme.

Profits drop 12% for Barclays Image

Profits drop 12% for Barclays

Financial pain as mortgage crisis recoils on lenders.

WH Smith sales growth driven by travel performance Image

WH Smith sales growth driven by travel performance

WH Smith is in its strongest ever position as a global travel retailer, its CEO said today.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.