Agenda and minutes

Shareholder Sub Committee
Thursday, 24th November, 2016 7.30 pm

Venue: Committee Room 2a, Civic Centre. View directions

Contact: Adam Rees 

No. Item


Apologies for absence


Apologies for absence were received from Councillor Andrew Johnson.


Declarations of Interest

Councillors’ declarations of interest (if any) in relation to any items on the agenda.




Minutes pdf icon PDF 21 KB

To approve the minutes of the meeting held on 19 October 2016.


RESOLVED that the minutes of the meeting held on 19 October 2016 are agreed as a correct record and signed by the Leader.


Matters Arising

Any matters arising from the minutes of the previous meeting.




Sub Committee Work Plan pdf icon PDF 20 KB

To review the Sub Committee’s work plan.


The Work Plan was noted.


Transition Plan Update pdf icon PDF 158 KB

To receive an update on the project plan for the transition of the Council’s housing and environmental services from the Joint Venture Company of HTS (Property and Environment) Limited.

Additional documents:


The Sub-Committee received an update on the transition from the current Joint Venture Company to HTS (Property and Environment) Limited and noted the progress which had been made on fleet leasing, IT and securing indemnity insurance.


The Leader asked that the plan include scheduled start dates for all items and that the budget report included a forecast to complete.


John Phillips, Managing Director of HTS (Property and Environment) Limited, explained how the installation of cabling for critical and non-critical areas was progressing. He then provided a high-level overview of the current fleet arrangements and the changes which were due to be introduced as part of the transition. He explained how consultants had been utilised as part of the transition.


RESOLVED that the Transition Plan Update was noted.


References from the LATC Board of Directors


HTS (Property and Environment) Limited Business Plan and Budget pdf icon PDF 201 KB

To approve the Business Plan and Budget. (to follow)

Additional documents:


The Sub-Committee received a report which sought approval of the HTS (Property and Environment) Limited Business Plan and Budget.


The Leader noted that the forecast level of pre-tax profit for the 2019/20 financial year in section 12.3 (Balanced Scorecard) was £1.5million, but in section 14 (Commercial Model) it was £1.151million. It was agreed that the reason for this difference would be looked at.


It was agreed that Section 2.3 of the Business Plan would be amended to include a reference to equality and fairness. This reference would replicate wording in the Council’s Corporate Plan.


RESOLVED that the Sub-Committee:


A.   Approves the HTS (Property and Environment) Limited Business Plan subject to the amendment to Section 2.3 detailed above.


B.   Notes the provisional operating budget approved by the HTS (Property and Environment) Limited Board.


Matters of Urgent Business

To deal with any matters of an urgent nature.




Date of next meeting

19 January 2017.


19 January 2017.