Decision Maker: Executive Shareholder and Trustee Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: March 27, 2025

Purpose: To consider and approve the: Final annual accounts; and Performance reporting as against Business Plan; and Annual Business Plan for following year

Content: Decision: 1.        Noted that Altair Ltd will be carrying out an options appraisal for NDH. The findings of this appraisal will be reported to the Executive and Shareholder Trustee Committee and will be used as the basis for formulation of a new NDH business plan; and 2.        Noted the position in relation to the draft annual accounts for the company. Reason(s): 1.        ESTC previously agreed to the need for an updated options appraisal for NDH, as a review of the company’s viability and governance is required.  Savills conducted an options appraisal on behalf of the Board of NDH in 2023.  The Council as shareholder needs its own review.  Furthermore, the operating and financial environment has changed since the Savills review, so an updated review of all options is now necessary. 2.        NDH and its Board are required to provide an updated business plan, which the Council (via ESTC) needs to agree. Other options considered and rejected by the Executive: None. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: Councillor Angela Goodwin was a non-executive director of North Downs Housing.