Paul Marinko 15 September 2023

Spelthorne confident of financial strength

Spelthorne confident of financial strength image
Image: Number1411 / Shutterstock.com.

Spelthorne BC has struck a defiant note over its level of debt on the back of another Surrey council warning of potential bankruptcy.

With Surrey Heath BC - the council covering local government secretary Michael Gove’s constituency - earlier this week highlighting its financial vulnerability, nearby Spelthorne said it was ‘categorically’ not at risk of following suit.

Despite the small South East borough investing around £1bn in property, the council said it was generating ‘approximately £50m return every year from its commercial portfolio’.

To continue reading visit The MJ (£).

If this article was of interest, then check out our features, 'Preventing future Section 114 notices' by Joanne Pitt, Local Government Policy manager at CIPFA, and 'Intervening at the local level' by Nick Graham, director for Legal & Democratic Services at Buckinghamshire Council.

SIGN UP
For your free daily news bulletin
Highways jobs

Early Help Family Practitioner - 12 month FTC

The Royal Borough of Kensington & Chelsea Council
£39150.00 - £42861.00 per annum
Be the support that helps families find their strength and move forward.Be the support that helps families find their strength and move forward. As England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

Head of Human Resources and Organisational Development

Swansea Council
£73,908 - £85,884
As Head of HR and OD Swansea (Abertawe)
Recuriter: Swansea Council

Early Help Practitioner

Durham County Council
Grade 6, £28,142 - £31,022 per annum
Durham County Council are on a continuous improvement journey in relation to its Early Help service. We are one of 75 Local Authorities who are part o Durham
Recuriter: Durham County Council

Legal Clerical Assistant

Durham County Council
£26,403 to £28,598 p.a. (Grade 5)
A vacancy has arisen within Business Services for a full time, permanent Legal Clerical Assistant to provide legal clerical support to solicitors and Durham
Recuriter: Durham County Council

Practice Coordinator

Durham County Council
Grade 13 - £47,181 - £51,356
Do you love supporting practitioners to bring their best selves to their work? We are looking for a Practice Coordinator to support our Social Worker Spennymoor
Recuriter: Durham County Council
Linkedin Banner