Decision details
Creating a Local Authority Owned Trading Company
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Approval will be sought in principle for the
council to establish a wholly owned company for communications
services.The formation of the company should allow the council to
explore trading in a way that optimises the potential of its
resources as well as potentially contributing to the medium term
financial planning and wider efficiency agenda.
Decision:
Cabinet agrees in principle to the establishment of a company which would be limited by shares and owned wholly by the council.
Cabinet notes that a further report will be brought forward at the earliest opportunity outlining governance and board membership arrangements as well as a business case for the company before any trading activity commences.
Report author: Phil Jones
Publication date: 16/01/2014
Date of decision: 15/01/2014
Decided at meeting: 15/01/2014 - Cabinet
Accompanying Documents: