Decision details

RBBC Limited dissolution

Decision Maker: Commercial Ventures Executive Sub-Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

CVESC to note the dissolution of RBBC Limited and the accounting treatment.

Decision:

RESOLVED:

i)          the Chief Finance Officer was authorised to not recover the £29,434.98 expenses that have been incurred on behalf of RBBC Limited and treat them as a charge to the Council’s revenue budget in 2019/20 and the Chief Finance Officer was authorised to confirm in writing to the Director of RBBC Limited that the Council will not seek to recover any liabilities;

ii)      the Director of RBBC Limited was authorised to arrange for RBBC Limited to be dissolved; and

iii)        in its capacity as the Council’s shareholder representative for RBBC Limited, noted the dissolution of RBBC Limited.

Corporate Priorities : A great council.;

Wards Affected: (All Wards);

Contact: Caroline Waterworth, Commercial and Investment Director Email: Caroline.Waterworth@reigate-banstead.gov.uk Tel: 01737 276025.

Report author: Kirsty Jane Hill

Publication date: 02/03/2020

Date of decision: 27/02/2020

Decided at meeting: 27/02/2020 - Commercial Ventures Executive Sub-Committee

Effective from: 10/03/2020

Accompanying Documents: