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Shareholder Committee (Cabinet Committee) - Tuesday, 9 December 2025 4.30 pm, NEW
December 9, 2025 Shareholder Committee (Cabinet Committee) View on council websiteSummary
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The Shareholder Committee (Cabinet Committee) of Oxfordshire Council met on Tuesday 9 December 2025 to approve the audited accounts for Enterprise Oxfordshire for the 2024/25 financial year. The committee also approved the minutes of the previous meeting and noted there were no public petitions or addresses.
Adoption of Enterprise Oxfordshire Accounts 2024/25
The committee approved the audited accounts for Enterprise Oxfordshire for the financial year 2024/25. The report presented to the committee detailed the balance sheet and profit and loss account for the company, which is now a subsidiary of Oxfordshire County Council following the transfer of Local Enterprise Partnership functions. The approval of these accounts is a reserved matter, requiring the Shareholder Committee's sign-off. The financial statements, prepared in accordance with FRS 102, showed current assets of £3,943,672 and creditors falling due within one year of £1,645,682, resulting in net current assets of £2,297,990. The auditors, Richardsons, provided an unqualified opinion on the accounts. Councillor Dan Levy, who declared an interest as a non-executive director of Enterprise Oxfordshire and left the meeting during this item, had previously signed the letters of comment and representation on behalf of the company. The report also detailed related party transactions, noting that Oxfordshire County Council held £18,553 of operating income on behalf of the company at the end of the financial year. The ultimate controlling party of Enterprise Oxfordshire is Oxfordshire County Council.
The committee also approved the minutes of the previous meeting held on 13 November 2025. There were no questions from county councillors or petitions and public addresses submitted for this meeting.
Delegated decisions linked to this meeting
Decision summaries below are AI-generated from the council’s published record. Check the council source or the full decision page before relying on them.
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Minutes of the previous meeting
Recommendations ApprovedThe Shareholder Committee (Cabinet Committee) of Oxfordshire Council decided to approve recommendations on 09 December 2025. They removed Kate Reynolds as a Non-Executive Director of Enterprise Oxfordshire, appointed Ian Dyson and Kim Sawyer as Non-Executive Directors, and appointed Nicholas Glover as Interim Managing Director. The committee also noted the intention to co-opt a member from the Oxfordshire Economy Partnership Board.
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Petitions and Public Address
Recommendations Approved -
Adoption of Enterprise Oxfordshire Accounts 24/25
Recommendations ApprovedThe Shareholder Committee (Cabinet Committee) of Oxfordshire Council approved the adoption of Enterprise Oxfordshire's audited accounts for 2024/25 on 09 December 2025. The decision involved approving the balance sheet and filing accounts for Companies House.
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