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Decision details

Dissolution of Westminster Procurement Services

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The Shareholder Committee will consider recommendations to close a procurement service.

Decision:

Cabinet approved the following recommendations:

 

Recommendations

That Cabinet approve that Westminster Procurement Services Limited be dissolved with any share capital remaining after legal and professional fees being returned to the Council.

 

That Cabinet recommend to  Council, as sole shareholder, to pass a resolution to formally close down Westminster Procurement Services Limited by way of an application to strike off the company from the Companies Register.

 

Reasons for Decision

To be able to dissolve the Company, approval is needed from the company’s shareholder, Westminster Council.

 

You can view the full Shareholder Committee Report here.

Report author: Dai Williams

Publication date: 15/05/2023

Date of decision: 15/05/2023

Decided at meeting: 15/05/2023 - Cabinet

Accompanying Documents: