Councillors examining the potential end of an authority-owned company have asked what will happen to a loan of more than £500,000.
During the meeting, councillors were told a new mapping tool would make it easier to see what would need to be included in any future contracts and how they could be modified to make savings if contracts proved too far past the current £1 million contract. He said previous Companies House returns showed losses in the first two years but did not know how much it had made in its third year.
Councillors were told by officers that it was sensible to “test the market” alongside EnvironmentSK because larger companies could bring “economies of scale and service efficiences” due to their “grander scale”. He said that if ESK was in-sourced the assets would be taken in by the council and losses would only apply to any interest on the loan. If it went out to tender, they would be sold on to any new provider.
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