By virtue of paragraph(s) 14,16 of Part 4 of Schedule 12A of the Local Government Act 1972.
Information relating to the financial or business affairs of any particular person (including the authority holding that information).
Qualification - Information falling within paragraph 14 is not exempt information by virtue of that paragraph if it is required to be registered under the Companies Act 1985;
the Friendly Societies Act 1974;
the Friendly Societies Act 1992;
the Industrial and Provident Societies Acts 1965 to 1978;
the Building Societies Act 1986;or
the Charities Act 1993.
Public interest test applies
Information in respect of which a claim to legal professional privilege could be maintained in legal proceedings.