Decision Maker: Shareholder Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 14, 2025

Purpose: The Committee is recommended to note the company’s mid year performance against business plan 2024/25.  

Content: Shareholder Committee: (1)            noted Evolve Norse’s delivery against its business plan between April – September 2024 during the current financial year and priorities for the remainder of the year to March 2025; (2)            noted the financial performance of Evolve Norse for April 2024 – September 2024, delivering a net operating profit of £56,000 during this period; and (3)            noted the financial projections for the rest of the year, which expect to see the company make a net operating profit of£90,000 during the 2024/25 financial year, and the associated risks.