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‘It seems like there is one rule for individual taxpayers and another for large companies’ – Watford Observer

A popular restaurant chain that closed down without warning owes the council more than £200,000, the Observer can exclusively reveal.

Jimmys World Kitchen in High Street was part of a chain and outlets of that chain have racked up at least £639,000 in outstanding business rates across the country over the last three years.

In Watford, five separate groups were set up to run the restaurant. Each was later declared insolvent, owing a combined total of £244,011.73 in business rates to Watford Borough Council.

READ MORE: Jimmy’s World Kitchen mysteriously closes without explanation.

An administrator used to settle each of the companys affairs has since been declared bankrupt.

Speaking on behalf of the …

Read the full article at: http://www.watfordobserver.co.uk/news/14730869._It_seems_like_there_is_one_rule_for_individual_taxpayers_and_another_for_large_companies_/?commentSort=score

Category: BankruptcyBy Insolvency Advisory AccountantsSeptember 8, 2016

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‘It seems like there is one rule for individual taxpayers and another for large companies’ – Watford Observer

A popular restaurant chain that closed down without warning owes the council more than £200,000, the Observer can exclusively reveal.

Jimmys World Kitchen in High Street was part of a chain and outlets of that chain have racked up at least £639,000 in outstanding business rates across the country over the last three years.

In Watford, five separate groups were set up to run the restaurant. Each was later declared insolvent, owing a combined total of £244,011.73 in business rates to Watford Borough Council.

READ MORE: Jimmy’s World Kitchen mysteriously closes without explanation.

An administrator used to settle each of the companys affairs has since been declared bankrupt.

Speaking on behalf of the …

Read the full article at: http://www.watfordobserver.co.uk/news/14730869._It_seems_like_there_is_one_rule_for_individual_taxpayers_and_another_for_large_companies_/

Category: BankruptcyBy Insolvency Advisory AccountantsSeptember 8, 2016

Post navigation

PreviousPrevious post:Ashok Leyland turns volatile after announcing restructuring pact with Nissan Motor – Business StandardNextNext post:Debt charity gets record cries for help – Morning Star Online

Related Posts

Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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