Decision

The Chief Finance Officer has decided to provide a capital loan to Abri Trading Limited for refinancing debt and purchasing assets related to former services.

Analysis

outcome: The recommendations to provide the capital loan were agreed upon.

summary: The decision involves providing a capital loan to a council trading company to refinance debt and purchase assets related to former services.

topline: The Chief Finance Officer has decided to provide a capital loan to Abri Trading Limited for refinancing debt and purchasing assets related to former services.

reason_contentious: This issue may be contentious as it involves financial decisions and the transfer of services previously undertaken by a council group.

affected_stakeholders: ["Abri Trading Limited", "Your Homes Newcastle (YHN) group", "Council trading company"]

contentiousness_score: 5

political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.

URL: https://democracy.newcastle.gov.uk/ieDecisionDetails.aspx?ID=14183

Decision Maker: Chief Finance Officer/ Section 151 Officer - Mark Nicholson

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Abri Trading Limited is a wholly owned council trading company dealing with services previously undertaken through the Your Homes Newcastle (YHN) group. Approval is sought to provide a capital loan to Abri Trading Company Limited to refinance existing debt and purchase assets related former YHN services. This loan forms part of the transfer arrangements.

Content: Abri Trading Limited is a wholly owned council trading company dealing with services previously undertaken through the Your Homes Newcastle (YHN) group. Approval is sought to provide a capital loan to Abri Trading Company Limited to refinance existing debt and purchase assets related former YHN services. This loan forms part of the transfer arrangements. The recommendations were agreed as outlined in the attached report.

Date of Decision: July 14, 2025