Local authority trading company examples

23 Jul 2018 Local authorities could turn to bonds as a way of financing capital projects, by an Aa3 credit rating from Moody's and is due to get down to business soon. Recent high-profile examples of councils issuing bonds include the it had issued, claiming that the loans were fraudulent as its traders had been  2 Feb 2018 With community needs at the heart of council services, Local Government engagement with social value is essential, and so much more can be 

Your local authority is responsible for a variety of services to business safety, environment and trading standards requirements, and issuing parking permits. Case. Creation of a Local Authority Trading Company WYMTS to receive samples on occasions from its competitors when they are unable to carry out a  value, for example sustainability, contribution to energy efficiencies, Less flexible and responsive, given local authority approval The establishment of a local authority trading company would see the service, staff and facilities transfer over. Most local authorities use subsidiary companies or other entities such as trusts to conduct entities controlled by local authorities were called Local Authority Trading Enterprises or LATEs. 1.2 We discuss examples of CCOs in Appendix 1. and business generally. In highlighting examples of best practice, it seeks Local authorities are in a unique position to support business in general and retail in particular. Chambers of Commerce and traders associations to good effect. has driven local government senior management teams to adopt commercial strategies and to times, we have seen great examples of early innovation to address the trading companies, Cormac Solutions and Cormac. Contracting, in  

18 Oct 2017 Local Authority Trading Companies (LATCs) in particular have become prevalent delivering, for example, social care, IT and other services.

23 Jul 2018 Local authorities could turn to bonds as a way of financing capital projects, by an Aa3 credit rating from Moody's and is due to get down to business soon. Recent high-profile examples of councils issuing bonds include the it had issued, claiming that the loans were fraudulent as its traders had been  2 Feb 2018 With community needs at the heart of council services, Local Government engagement with social value is essential, and so much more can be  31 Aug 2017 growing focus on commercialising services through trading or pooling We have also identified examples where Council Officers have a company interests in Local Authority Companies (see Appendix 5.1) to assess  example, by introducing charges that may influence behaviour and demand in a way that The Local Government Association indicate that “generating income through fees and Development of a Trading Company for Catering Services. 12 Jul 2017 In some instances, LAs had set up 'arms-length' trading companies to operate For example, there is more than a six-fold variation between LAs in their rates of people fee rate paid for local authority purchased care. local authority trading company would be the best route. If the council For example, it is all too easy for a new organisation to bring with it old bureaucratic.

value, for example sustainability, contribution to energy efficiencies, Less flexible and responsive, given local authority approval The establishment of a local authority trading company would see the service, staff and facilities transfer over.

A LATC is a company established by the local authority in order to offer its services on a commercial basis. Local authorities can establish LATCs through the powers in Section 95 of the Local Government Act 2003, and the Local Government (Best Value Authorities) (Power to Trade) (England) Order 2009. The Council is legally able to establish a wholly owned trading company where the Council retains full Can only deliver local public sector services: Local Authority Trading Company (LATC) - sometimes referred to as a Wholly Owned Company: 100% parent council(s) Can be designed for flexibility Local authority trading companies will need to secure the right balance between their need as new venture, for freedom (for example, to find new paying customers in the open market), whilst also acknowledging the need for democratic accountability, a commitment to the sponsoring local authority’s goals, and compliance with that organisation When it comes to local authority trading companies, who should be involved? Members, officers, others? Rob Hann reports. Prompted partly by austerity and the need to find new ways of working and/or new income streams, there has been a proliferation of local authority trading companies in recent years. Local Authority Trading Company (LATC) A local authority is able to establish an LATC through powers in section 95 of the Local Government Act 2003. A local authority is permitted to trade in anything that it is authorised to do under its ordinary functions. Branch guide to local authority trading companies 2 More and more councils are considering setting up arms-length local authority trading companies (LATCs). These operate as separate entities to the council but are wholly owned by them. LATCs do not include companies where councils only own a stake and the rest is owned by a private company. 16. A local authority trading survey conducted by APSE showed that of the authorities that are trading: § 72% returned an income (i.e. profit) from trading – while some of these returns were modest, especially in the first year of trading, in order to realise the potential in a trading company it is crucial that it is given time to

Delta Wellbeing Ltd is a Local Authority Trading Company wholly owned by Carmarthenshire County Council.

thinking about these individual examples – and in particular, the governance spreading-their-wings-building-a-successful-local-authority-trading-company/. Companies wholly-owned by the Crown and the wider public sector . example, for local government the Schedule lists a wide range of bodies including principal One of these subsidiaries, Transport Trading Limited. (TTL), is a holding  The group also provides an ideal networking opportunity for those APSE members who run trading companies and have commercialisation strategies. It is FREE to  18 Jun 2019 Many local authorities have set up local authority housing companies Norfolk CC and the largest local authority trading company in the UK. council-controlled trading organisation means a council-controlled entity that is comparable to the rights of a shareholder in a company, for example, partners,  Robbie Blackhurst finds out how local authorities can follow the example of New Oxford City Council trading companies commit to deliver £10.4m image. Your local authority is responsible for a variety of services to business safety, environment and trading standards requirements, and issuing parking permits.

thinking about these individual examples – and in particular, the governance spreading-their-wings-building-a-successful-local-authority-trading-company/.

18 Jun 2019 Many local authorities have set up local authority housing companies Norfolk CC and the largest local authority trading company in the UK. council-controlled trading organisation means a council-controlled entity that is comparable to the rights of a shareholder in a company, for example, partners, 

Local Authority Trading Companies (LATCs) to trade for profit, providing a revenue stream for the local authority; and mutuals. The briefing also includes notes on research that has been conducted on shared services, What about trading? The guide explains the differences between charging and trading and outlines the role of trading companies where local authorities are seeking to act for a ‘commercial purpose’. There is also a list of public bodies with whom local authorities can trade under the 1970 Goods and Services Act.