Issue - meetings

Valley Housing Ltd - Outturn 2023/24

Meeting: 10/07/2024 - Cabinet (Item 92)

92 Valley Housing Ltd - Outturn 2023/24 pdf icon PDF 87 KB

Finance and Resources

To review the Directors’ Report on the activity of Valley Housing Ltd in 2023/24.

Additional documents:

Decision:

Resolved:

1.  That the Directors’ Annual Report, as shown in the Annex to the report, be noted.

2.  That the appointment of the Head of Housing and Environmental Health as a Director of Valley Housing Ltd, be approved.

 

Minutes:

Consideration was given to the report of the Finance and Resources Portfolio Holder which set out the directors’ report on activity of the company and the Valley Housing Outturn 2023/24. 

 

The company had twenty-three properties in its portfolio with no additional properties purchased in the 2023/24 financial year. Net profit for the 2023/24 year before tax was £22,413. It was confirmed that there were no changes to the business plan approved by Cabinet in April 2024.

 

It was recommended that the Head of Housing and Environmental Health be appointed as a third director to bring the company back to the recommended number needed to run the company effectively.

 

Having considered the options and for the reasons set out in the report, the recommendations were proposed by Councillor Flood, seconded by Councillor P North and Cabinet agreed to the following:

 

Resolved:

1.  That the Directors’ Annual Report, as shown in the Annex to the report, be noted.

2.  That the appointment of the Head of Housing and Environmental Health as a Director of Valley Housing Ltd, be approved.