Issue - meetings

Medway Commercial Group - First Year Quarter 2 Performance Report

 

 

Meeting: 20/12/2016 - Cabinet (Item 13)

13 Medway Commercial Group Limited - First Year Quarter 2 Report pdf icon PDF 89 KB

Minutes:

Background:

 

This report provided details of Medway Commercial Group Limited’s (MCG) achievements and performance up to the second quarter in its first year of trading, and its plans for future growth and development.

 

The report provided details of key highlights in the second quarter (June 2016 – September 2016) and priorities for the third quarter (October 2016 – January 2017). In particular, the report stated that MCG was on target to achieve its agreed accumulated savings for the next two financial years (2016/17 and 2017/18).

 

Decision number:

Decision:

The Cabinet noted the achievements and performance of Medway Commercial Group Limited (MCG) for the second quarter of 2016, as detailed in the report.

 

Reasons:

 

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