A company owned by Kirklees Council is to be dissolved to save costs.
Kirklees Metropolitan Development Company Ltd sells and deals in freehold and leasehold ground rents and the letting of properties.
In a private part of yesterday’s Kirklees Cabinet meeting members agreed to dissolve the company and transfer to the Council the two industrial estates it owns.
The two industrial units are the Silver Court Industrial Estate in Aspley and the Riverside Way Industrial Estate in Ravensthorpe.
The company’s assets for 2013 are listed on its accounts as £1.746m.
The company has six councillors as directors, they are: Clrs Eric Firth, Andrew Pinnock, David Sheard, Ken Sims, Carole Pattison and Christine Smith.
Kirklees Council leased from the company two units at the Aspley site and one unit at the Ravensthorpe site at a cost of £40,882 in 2013.
Yesterday’s decision is expected to save the council annual admin costs.
The latest financial report submitted to Companies House shows the company made a £170,000 charitable donation, listed as gift aid, in 2013 to the Kirklees Theatre Trust to support the work of the theatre.
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