Decision details
AGHL Interim Dividend to the Shareholder (WL)
Decision Maker: Council Leader
Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Approval of the reserved matter below to allow
AGHL to progress with paying the interim dividend of £681K
for 2024/2025 to the Shareholder in order to meet the total Council
Returns target set of £1m for the financial year
2024/2025
• Reserved Matter 32 - Declaring or paying any end of year
dividend of the Company (where applicable)
Decision:
To approve the reserved matter below to allow AGHL to progress with paying the interim dividend of £681K for 2024/2025 to the Shareholder in order to meet the total Council Returns target set of £1m for the financial year 2024/2025.
• Reserved Matter 32 - Declaring or paying any end of year dividend of the company (where applicable).
Reasons for the decision:
Qualifying financial returns to the Council comprise of total commercial interest paid on Council Loans with the balance of the target met through dividend payments. Following the restructure of the Aequus Group, dividends flow to the Shareholder via Aequus Group Holdings Limited.
The B&NES Shareholder target of £1m for revenue returns comprises of £319k from commercial interest from asset backed loans and £50k dividend from ADL and £631k dividend from ACL.
Alternative options considered:
None.
Publication date: 20/01/2026
Date of decision: 20/01/2026
Accompanying Documents:
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