Issue - meetings

This report provides a review of the following four companies - Seascape Group Limited, Seascape South Limited (SSL), Seascape Homes and Property Limited (SHP) and Bournemouth Building Maintenance Limited (BBML).

The report sets out the growth plans and ambition for each company, an operational update from the last year and the 2022/23 annual plan for each.

The Seascape Group, including its two subsidiaries SSL and SHP, has scope for further growth in activity and sizeable income generation opportunities.  This income can be returned to the Council as the sole shareholder to support the funding for services to vulnerable people.

RESOLVED that Cabinet: -

(a)           Supports the plans for the two Seascape Group subsidiaries and BBML; and

(b)           Approves the Terms of Reference for BBML and SGL and notes the TORs for the two subsidiaries.

Voting: Unanimous

Portfolio Holder: Development, Growth and Regeneration

Reason

The Seascape Group subsidiaries – SSL and SHP and BBML - provide valuable services and will collectively generate additional financial benefits for BCP Council as the sole shareholder to help continue delivering Council services to vulnerable people.

The Portfolio Holder for Regeneration, Economy and Strategic Planning presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'D' to these Minutes in the Minute Book.

Cabinet was advised that the report provided a review of the following four companies - Seascape Group Limited, Seascape South Limited (SSL), Seascape Homes and Property Limited (SHP) and Bournemouth Building Maintenance Limited (BBML).

In relation to this Cabinet was informed that the report sets out the growth plans and ambition for each company, an operational update from the last year and the 2022/23 annual plan for each.

Cabinet was further advised that the Seascape Group, including its two subsidiaries SSL and SHP, has scope for further growth in activity and sizeable income generation opportunities, and that this income can be returned to the Council as the sole shareholder to support the funding for services to vulnerable people.

RESOLVED that Cabinet: -

(a)           Supports the plans for the two Seascape Group subsidiaries and BBML; and

(b)           Approves the Terms of Reference for BBML and SGL and notes the TORs for the two subsidiaries.

Voting: Unanimous

Portfolio Holder: Regeneration, Economy and Strategic Planning