Issue - meetings

Medway Commercial Group Ltd - Year 1, Quarter 3 Performance Report

 

 

Meeting: 07/03/2017 - Cabinet (Item 8)

8 Medway Commercial Group Limited - First Year Quarter 3 Report pdf icon PDF 90 KB

Minutes:

Background:

 

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

 

The report provided details of key highlights in the third quarter (October 2016 – December 2016) and priorities for the fourth quarter (January 2017 – March 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 third quarter of 2016/17, as detailed in the report.

 

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.