Purpose

The purpose of the report is to agree that the
YPO Procurement Holdings Ltd’s
business plan and budget for 2026-2030 be approved in the
Council’s capacity as a shareholder of the company and the
relevant written resolution (attached at Appendix B) be signed off
on the Council’s behalf.
 
The company’s directors at a meeting on
5 November 2025 recommended that shareholders approve next
year’s budget and business plan.
 

Decision

That, acting in the
Council’s capacity as a shareholder of the
company:
 
(i)         the
Company Directors’ recommendation to approve YPO
Procurement Holdings Ltd’s
business plan and budget for 2026-2030 be endorsed;
and
 
(ii)        the relevant
written resolution, attached at Appendix B to the report, be signed
off on behalf of the Council.
 

Alternative options considered

The only alternative to this decision would be
not to authorise the signing off of the
business plan and budget for 2026-2030. 
This has been rejected as the decision of the company directors on
5 November 2025 to recommend approval is a reasonable one,
taking into account the detail of the
proposal.