The Shareholder Committee (Cabinet Committee) is scheduled to meet to discuss the adoption of the Enterprise Oxfordshire accounts for 2024/25. The committee will also review the minutes from the previous meeting, and consider any questions, petitions or public addresses.

Here's a breakdown of the key items on the agenda:

Adoption of Enterprise Oxfordshire Accounts 2024/25

The Shareholder Committee will be asked to approve the audited accounts of Enterprise Oxfordshire for the financial year 2024/25. Enterprise Oxfordshire is the trading name of Oxfordshire Local Enterprise Partnership Limited (OxLEP), a company limited by guarantee of which Oxfordshire Council is the guarantor and sole member.

Following the transfer of Local Enterprise Partnership functions to the council on 1 April 2024, the council became the controlling member of OxLEP. The Shareholder Committee was then established to act as the sole member of Enterprise Oxfordshire, providing strategic oversight and taking decisions reserved to the sole member of the company by the Articles of Association.

The report pack includes the filing accounts and draft letters of comment and representation as annex 1.

The report by the Director of Economy and Place notes that the Board of Enterprise Oxfordshire approved the financial accounts on 27 November 2025, and that Councillor Dan Levy, acting as Board Chair, and Sadie Patamia, Company Secretary, were asked to sign the Letters of Comment and Representation.

The report also details related party transactions, including that Oxfordshire County Council held £18,553 of operating income received on behalf of the company and not yet drawn down at the end of the financial year.

The auditor's report is unqualified. Alison Richardson of Richardsons is the Senior Statutory Auditor.

Minutes of the Previous Meeting

The committee will be asked to approve the minutes of the meeting held on 13 November 2025. At that meeting, Councillor Liz Leffman was in the Chair, and the committee:

• Removed Kate Reynolds as a Non-Executive Director of Enterprise Oxfordshire.
• Appointed Ian Dyson (Director of Financial and Commercial Services) and Kim Sawyer (Programme Director, Devolution) to the position of Non-Executive Director of Enterprise Oxfordshire.
• Noted that it is the intention of the Board to co-opt a member of the Oxfordshire Economy Partnership Board.
• Appointed Nicholas Glover to the role of Interim Managing Director.

Other Business

The agenda also includes standard items such as:

• Apologies for absence.
• Declarations of interest from councillors.
• Questions from county councillors.
• Petitions and public address, where members of the public can speak at the meeting.