Decision details

Sutton Living Mid-Year Performance and Finances

Decision Maker: Sutton Shareholdings Board

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Mid-year summary of the company's finances and performance against the business plan

Decisions:

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.

 

RESOLVED:

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

Accompanying Documents: