The Shareholder Committee approved the 2024/25 Business Plan for Waltham Forest Services Ltd. The committee also received an update on historic debt incurred by the company, with assurances that efforts are underway to resolve the situation.

Waltham Forest Services Ltd. Business Plan

The Shareholder Committee approved the Business Plan for Waltham Forest Services Ltd. for the 2024/25 financial year. The plan was introduced by John Hubbard, Managing Director of Waltham Forest Services Ltd., and Mark Brickell, Director of Return on Investment.

During the discussion, concerns were raised by Mark Hynes, Director of Governance and Law, regarding debt incurred by the company. He noted that this issue had been discussed at a recent Audit and Governance Committee, where the Chair had requested an expedited resolution. John Hubbard explained that the debt was historic and that the company was actively working to resolve the situation. Rob Manning, also a Director of Return on Investment, added that a directive had been issued to all budget holders to pursue outstanding invoices, and he provided assurances that the matter would be addressed promptly. The committee requested that the Audit and Governance Committee be kept informed of the progress.