Decision details
RBBC Limited dissolution
Decision Maker: Partner, Shareholder and Trustee 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 - Partner, Shareholder and Trustee Executive Sub-Committee
Effective from: 10/03/2020
Accompanying Documents: