Issue - meetings
Kyndi - Six Monthly Report and Business Plan Progress Update
Meeting: 08/03/2022 - Cabinet (Item 10)
10 Kyndi - Six Monthly Progress Report 
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Additional documents:
Minutes:
Background:
This report provided the Cabinet with a review of Kyndi’s performance, for the second and third quarters of the 2021/2022 financial year. It was accompanied by an update on the company’s achievements and financial performance prepared by the Chief Executive at Kyndi.
The report highlighted that Kyndi’s pre-tax profit for the second and third quarters of 2021/22 was £451K and that the year end forecast for 2021/2022, subject to continued good trading activity, was £569K.
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Decision number: |
Decision: |
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The Cabinet noted the six-monthly performance report for Kyndi for the period Quarters 2 and 3 for financial year 2021/2022. |
Reasons:
When Cabinet agreed to establish Kyndi (previously MCG) it was also agreed that regular monitoring reports would be provided to Cabinet.