Decision details

TRADING COMPANY UPDATE

Decision Maker: Cabinet Sub-Committee (Local Authority Trading Companies' Shareholder)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

RESOLVED:

 

(1)       To approve the business case and agree to commence trading of the holding company (Broadwater Hundred Limited) and the incorporation and trading of a subsidiary company for the purpose of letting out Harkness Court

 

(2)       To provide delegated authority to the Service Director – Commercial and Service Director – Legal and Community to agree the final company documents (prior to any necessary company approval) and in consultation with the Executive Member for Enterprise, the Arts and Transport to nominate the Directors for the companies.

 

REASON FOR DECISIONS: To enable the Council companies to trade and provide more commercial opportunities to benefit the Council.

 

 

Report author: Steve Crowley

Publication date: 26/11/2021

Date of decision: 24/11/2021

Decided at meeting: 24/11/2021 - Cabinet Sub-Committee (Local Authority Trading Companies' Shareholder)

Accompanying Documents: