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.