Issue - meetings

Medway Commercial Group Performance Monitoring Report

 

 

Meeting: 24/10/2017 - Cabinet (Item 6)

6 Medway Commercial Group Limited 2017/2018 Six Monthly Report pdf icon PDF 63 KB

Minutes:

Background:

 

This report provided details of Medway Commercial Group Limited’s (MCG) achievements and performance over the preceding six months, and its plans for future growth and development.

 

In particular, the report stated that MCG was on target to achieve its agreed accumulated savings for the next two financial years, with a predicted surplus of £254,000 for this financial year (2017/18). In addition there had been key successes in relation to Telecare Services, business development relationships and the integration of TUPE transfers from Schools Traded Services, Governor Services and the Human Resources Team.

 

Decision number:

Decision:

The Cabinet noted the achievements and performance of Medway Commercial Group Limited (MCG) for the first six months of 2017/18, 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.