Homebase faced significant financial issues, waiting on £5 million in tax rebates that could have eased its struggles before collapsing into administration.
Over 50 Check, Challenges and Appeals regarding Homebase's business rates remained unresolved, which impeded timely rebates that could have aided the company financially.
The delay in the appeal process is harmful to cash flow, particularly with businesses confronting the largest tax increases in 30 years, requiring swift corrections.
After the collapse, administrators are actively marketing 74 Homebase leasehold stores, seeking offers while the previous owner acquired properties and jobs were secured.
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