Issue - meetings

Background

This report outlined Medway Commercial Group Limited’s (MCG) achievements and performance up to the first quarter in its first year of trading and its plans for future growth and development. The report provided details of the governance arrangements, a summary of operations, the MCG workforce, the corporate client function and the rebate for the Council.

Reasons

When Cabinet agreed to establish the Local Authority Trading Company (LATC) it was also agreed that regular monitoring reports would be provided to Cabinet.