Purpose

The Shareholder Committee will consider recommendations to close a procurement service.

Decision

Cabinet approved the following recommendations:

Recommendations

That Cabinet approve that Westminster Procurement Services Limited be dissolved with any share capital remaining after legal and professional fees being returned to the Council.

That Cabinet recommend to  Council, as sole shareholder, to pass a resolution to formally close down Westminster Procurement Services Limited by way of an application to strike off the company from the Companies Register.

Reasons for Decision

To be able to dissolve the Company, approval is needed from the company’s shareholder, Westminster Council.

You can view the full Shareholder Committee Report here.