Decision Maker: Sutton Shareholdings Board
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Mid-year summary of the company's finances and
performance against the business plan
Mike Kirk, Managing Director of Sutton Living Ltd, introduced the report.
The board noted that the financial statements had been audited and were shortly due for submission to Companies House. It was further noted that progress on the programme of works had been delayed by the COVID-19 pandemic but that this was still on track for completion by 2025.
1. To note the progress in the company’s aspiration to develop 280 homes over the period 2020-25, subject to the agreement of LB Sutton to support the development of a number of Council-owned sites, and meet a funding requirement of £54 million.
Report author: Mike Kirk
Publication date: 30/11/2020
Date of decision: 20/10/2020
Decided at meeting: 20/10/2020 - Sutton Shareholdings Board