Issue - meetings

Medway Commercial Group (MCG) Six Monthly Performance Report

 

 

Meeting: 20/11/2018 - Cabinet (Item 16)

16 Medway Commercial Group Ltd Six Monthly Report pdf icon PDF 113 KB

Minutes:

Background:

 

This report provided details of Medway Commercial Group Limited’s (MCG)

achievements and performance over the preceding six months (1 April – 30 September 2018) and its plans for future growth and development.

 

In particular, the report stated that MCG exceeded its budgeted return to the Council in 2017/18 by approximately £43,000 and for the current financial year, MCG would meet the budgeted income contributions to the Council, therefore it would exceed its agreed accumulated savings for the current and previous financial years.

 

Decision number:

Decision:

The Cabinet noted the achievements, current business operations and performance of Medway Commercial Group Limited (MCG) as detailed in the report.

 

Reasons:

 

When Cabinet agreed to establish the LATCo it was also agreed that regular monitoring reports would be provided to Cabinet.