Issue - meetings

Report of the Shareholder Committee

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.

Dissolution of Westminster Procurement Service

Councillor Hug introduced the report explaining that the Westminster Procurement Service had not traded since 2018 and that the Shareholder Committee recommends to Cabinet that the company is wound up.

RESOLVED: Cabinet approved the following recommendations set out on page 7 of the Cabinet report pack:

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

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

You can view the full Shareholder Committee Report here.