Nottingham City Council is undertaking a sweeping probe of two of its companies as part of a wider shake up of the council’s governance and financial management procedures, following a similar review into its energy company Robin Hood Energy months before its eventual downfall.
The stricken council is currently conducting an assessment of its entire portfolio of eight companies and has eyed the company that delivers its council tax collection services, Nottingham Revenue and Benefits, as a “priority” for a “strategic review” this year. Nottingham has already embarked on a similar probe of another of its limited companies, Enviroenergy, which has a £10m pension deficit and district heating and waste processing arrangements which need a £300m infrastructure update over the next 30 years.