Issue - meetings
Seahorse Homes Limited and Mulberry Housing Society Limited
Meeting: 30/11/2022 - Cabinet (Item 6)
6 Seahorse Homes Limited and Mulberry Housing Society Limited 
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Additional documents:
Decision:
DECISION
1. To approve the dissolution of Seahorse Homes Limited.
2. To note the dissolution of Mulberry Housing Society Limited.
3. To approve the write off of the unrecovered sum of £26.4K for Seahorse Homes Limited.
4. To approve the write off of the unrecovered sum of £7.4K for Mulberry Housing Society Limited.
Action by:
CHIEF EXECUTIVE (W. TUCKLEY)
(Housing Companies and Shared Services Manager (N. Klinger)
Minutes:
Will Tuckley, Chief Executive, introduced the report. He highlighted that these bodies had been established when there was a government imposed cap on Housing Revenue Account borrowing. That cap had now been lifted and so these were no longer the most appropriate methods for delivering housing and so it was appropriate to dissolve them at this point.
The Mayor noted the contents of the report and agreed the recommendations as set out in the report.
RESOLVED
1. To approve the dissolution of Seahorse Homes Limited.
2. To note the dissolution of Mulberry Housing Society Limited.
3. To approve the write off of the unrecovered sum of £26.4K for Seahorse Homes Limited.
4. To approve the write off of the unrecovered sum of £7.4K for Mulberry Housing Society Limited.