Local authority trading company business plan
for comparable local authority duties, or as travelling and subsistence allowances. • The company must not publish party political material. • The company must provide information to the local authority’s auditors. • The company must provide information to members of the local authority. Business Case 23 By setting up a generic trading 1.1 The Shareholder Committee is asked to approve the 3 year business plan of the Local Authority Trading Company (“LATC”), Waltham Forest Services Limited. 2. RECOMMENDATIONS 2.1 The Shareholder Committee is recommended to: 1. This report sets out the business case to establish a Local Authority Trading Company (LATC) under a group structure, for the work currently undertaken by Direct Services. It seeks approval to establish the company in the first instance, with further work to determine the most appropriate financial and operational The Forward Plan shows details of all Key Decisions to be taken by the council, cabinet, and the cabinet members and by officers under their delegated powers. View the Forward plan of key decisions. If you have any comments or questions about the business plan pages, please email communications@wiltshire.gov.uk. Close
12 Sep 2019 Local Authority Trading Companies (LATCs) to trade for profit, “Councils announce plans for shared staffing structure”, Wandsworth Council news The Business Services Association says outsourcing is worth 8% of.
16 Oct 2017 The notion of local authorities setting up trading companies is nothing The business plans of many LHCs suggest a gradual scaling up of 8 Aug 2017 First published in Local Government Lawyer Insight July 2017 for example through business plan approval and keep the business under review in to them if a trading company it owns was found to be breaking the law. Landlord Services, Support Brokerage, Shared Lives, Business Development and Support, and Digital Innovation. Our company structure chart can be viewed power in Local Authority Act 2003 and the Local Authority (Best Value Authorities ). (Power to together of this business case and any future business plan. this investment activity through a new trading company, 'Guildhall Capital Ltd', the.
The Local Authority Trading Company (LATC) Commercial Services Division will: Provide a high quality service to all its customers, Work with our customers to create services that are needed and
11 Local Authority Trading Company Business Plan Structure & Governance The LATC will be a registered company under the Companies Act 2006. As such we require a Board of Directors. The 100% shareholding would be held by the Cabinet on behalf of Southend on Sea Borough Council. Branch guide to local authority trading companies 6 Case study – North West council The UNISON branch was approached by the council with a plan to set up a trading company which the council said would take over a number of service areas in adult social care. It would also trade commercially with members of the public in the form of The Local Authority Trading Company (LATC) model is intended to commercialise Barnet’s provision of learning disability and physical and sensory impairment services for adults. The business case refers to ‘profits’ and the Council using its power as shareholder to demand annual ‘dividends’. Rather than subsidising important social Legal considerations for a local authority trading company In our recent webinar around our 'Spreading their wings' report, we had the opportunity to discuss the key legal considerations around setting up a local authority trading company with Peter Ware, Head of Government and Infrastructure at Browne Jacobson. 2.3 Cabinet Resources Committee, 16 January 2012, will be asked to agree the Local Authority Trading Company Business Plan at its meeting of 16 January 2012. 2.4 General Functions Committee, 16 January 2012, will be asked to ratify decisions previously taken in respect of establishing the Local Authority Trading Company and local government. This briefing specifically deals with Local Authority Trading Companies (LATCs). LATCs are bodies that are free to operate as commercial companies but remain wholly owned by the parent local authority. As trading bodies, they can provide their services to a much wider market than a council department.
21 Nov 2017 7) Note the provisions of the initial Business Plan for the Companies (the Local Authority Trading Company (LATCo) to carry out the
to proceed with a trading company should be accompanied by a full business plan covering how the company will operate. The council must decide the 1 Deciding to set up a local authority trading company. 14. 2 Setting up With no other strands to its business plan, it their first year developing business plans. 10 Jul 2019 A local authority may have a number of roles in relation to a company, for example regular information, approve any changes to the business plan (to be For trading and investment companies, the shareholder agreement
2.3 Cabinet Resources Committee, 16 January 2012, will be asked to agree the Local Authority Trading Company Business Plan at its meeting of 16 January 2012. 2.4 General Functions Committee, 16 January 2012, will be asked to ratify decisions previously taken in respect of establishing the Local Authority Trading Company and
for local authorities and other public bodies. through trading companies are: • HR;. • customer authority to put together a business plan before trading can 1.6 We believe that this unique ability of a local authority trading company means that we will also support the Council in delivering its Corporate. Pledge 5 during as a Local Authority Trading Company, or LATC for short. It's a special kind of limited company that's owned by the council and has its business plan set by the
17 Apr 2018 sources of income to contribute to the funding of local services. Since 2010 reductions through trading and business improvement, local services can be With clear links to the Council's Corporate Plan, the. Medium Term 1 Jun 2018 BUSINESS PLAN : Import, Export and Car Trading Company Finally, I am equally grateful to the Swedish Government for this wonderful opportunity to CFA6, 500francs (9.5Euros) each per annum paid to the local coun-. 1 Feb 2018 Dev Co Creation and Year One Business Plan Activities on the benefits of setting up a Local Authority Trading Company – The Development. 14 Oct 2015 Could local authority trading companies save social care? they cannot compete for the business of people receiving direct payments for their The original plan was to set up a single company for the Dorset authority, but it 16 Oct 2017 The notion of local authorities setting up trading companies is nothing The business plans of many LHCs suggest a gradual scaling up of