The Shareholder Committee of Ealing Council was scheduled to discuss the business plan and financial performance of Greener Ealing Limited (GEL), as well as a proposed variation to GEL's contract. The meeting was also set to review the minutes from a previous meeting.

Greener Ealing Limited Business Plan and Shareholder Report

The committee was scheduled to consider the Greener Ealing Limited Business Plan for the financial year 2026/27 and the Shareholder Report for the third quarter of 2025/26. Greener Ealing Limited (GEL) is Ealing Council's wholly-owned environmental services provider, responsible for services including waste and recycling collection, street cleansing, parks and open spaces maintenance, graffiti removal, and parking enforcement.

The proposed business plan for 2026/27 outlines a contractual service income of £30.8 million, comprising £25.632 million for Environmental Services and £5.168 million for Parking Services. The report indicated a small budget gap of £0.047 million between the council's budgeted contract costs and GEL's proposed contract price for 2026/27, which would need to be mitigated. GEL's business plan projects an operating profit of £0.069 million before tax for 2026/27. The report also noted that GEL had built up a reserve of £1.283 million up to 31 March 2025.

The report highlighted that GEL's contract with the council requires the submission of a business plan between 30 November and 30 January to allow for council approval in good time for the new financial year. It was noted that the approval of the 2026/27 business plan proposal had not been completed in line with the council's budget-setting timescales.

The committee was recommended to agree that Appendices 1 and 2 of the report, containing financial and business affairs information, should not be published. They were also recommended to agree the Greener Ealing Limited Business Plan and note the Shareholder Report Quarter 3 2025/26.

Variation of a Contract

The committee was also scheduled to consider a variation to Greener Ealing Limited's contract. This variation was proposed to reflect a changed expenditure forecast across the full contract term, as detailed in an exempt appendix. The report stated that there would be no direct financial impact on the council from this variation, with all financial implications borne by GEL.

The committee was recommended to agree that the relevant appendix, containing financial and business affairs information, should not be published and to approve the contract variation as set out in the exempt appendix.

Minutes of Previous Meeting

The committee was scheduled to review the minutes of the Shareholder Committee meeting held on 20 October 2025. During that previous meeting, the committee had agreed the GEL accounts for the financial year 2024/25 and the appointment of Beever and Struthers as external auditors for the financial year 2025/26. The minutes also indicated that the committee had resolved to enter into a closed session to discuss exempt appendix 1, relating to financial or business affairs.