Purpose

To recommendations from Shareholder Executive Committee on 15 July 2026 regarding Export House Ltd – Wind Down Process and Governance Confirmation.

Decision

The Executive Resolved

That (i)   the leases of which Export House Limited are currently the landlord be transferred to the Council;

        (ii)  subject to confirmation that no adverse legal or property implications arise, the dissolution of Export House Ltd be agreed;

        (iii)  delegated authority be granted to the Strategic Director of Finance and Resources / S151 Officer, in consultation with the Monitoring Officer, to:

        (iv) take all necessary steps to transfer the leases from Export House Limited to the Council including agreeing any necessary documentation to give effect to this;

        (v)  take all necessary steps to wind up the company, including:

a)    preparation of final accounts;

b)    HMRC notification;

c)     submission for strike-off at Companies House.

Reason:  To consider the recommendations from the Shareholder Executive Committee.