Purpose

The report considers various options for CPL.

Decision

Consilio Property Limited (CPL) was incorporated on 15th September 2017. The nature of the business included developing building projects, construction of commercial buildings and the letting, management and operation of real estate. The Council was the 100% shareholder of the company.

The options for Cabinet to consider were detailed in the confidential appendices. The recommended option (as adopted) would not have any impact on the Council’s General Fund Reserves.

RESOLVED that Option 1 as summarised below be approved:

1)      Start marketing of the Tatling End site owned by Consilio Property Limited (CPL) for disposal. All offers to be reviewed (including those from Registered Providers) prior to any decision on disposal.

2)      Transfer of the remaining assets and liabilities of CPL to the Council.

3)      Wind up of CPL in an orderly manner.