Issue - meetings

A report seeking approval for the establishment of a subsidiary company by Warwickshire Property and Development Group Limited (WPDG) for the delivery of estate management services.

Portfolio Holder – Councillor Peter Butlin

In presenting this report, Councillor Peter Butlin (Deputy Leader of the Council), noted that the broad principles of requesting the Warwickshire Property and Development Group to operate the County Council’s leased estate management services was made by Cabinet in July 2021.  Councillor Butlin advised that, following a review, it had been concluded that the most appropriate and tax efficient way to set this up within WPDG was to establish a subsidiary company to perform this role.  He noted that this was a sensible course of action which did not present any financial or non-financial issues for the County Council and it was proposed to repurpose a redundant dormant company already owned by the Council, which was originally set up to safeguard a potential company name for WPDG.  Council Butlin explained that the transfer of this existing company to WPDG, and to allow an appropriate name change to reflect the new estates management functions it would take on, was considered simpler and more efficient and cost effective than WPDG having to set up a completely new subsidiary from scratch and WCC having to close the redundant company.

Resolved:

That Cabinet:

1.     Approves the establishment of a subsidiary company by Warwickshire Property and Development Group Limited (WPDG) for the delivery of estate management services.

2.     Authorises the Strategic Director for Resources to undertake any arrangements he considers necessary to implement the above approval.