Issue details

Veritau Assurance Limited – Creation of New Audit & Assurance Company Limited by Guarantee

Purpose of Report: To consider the establishment of a new Teckal company for the provision of audit and assurance services to CYC, North Yorkshire Council (“NYC”), Middlesbrough Council (“MC”), and Redcar and Cleveland Borough Council (“RBCB”) (and potentially other local authority members in due time), which would adhere to the Teckal exemption under Reg. 12(1) of the Public Contracts Regulations 2015.

The Executive will be asked to:

i.             Further to Article 12 of the CYC Constitution, approve the formation of a new Teckal compliant company limited by guarantee together with NYC, MC, and RCBC for the delivery of audit and assurance services to these authorities.


ii.           Approve the novation of CYC’s current Contract for the Provision of Assurance Services with CYC’s and NYC’s current Teckal company, Veritau Limited, to the New Company.


iii.          Delegate authority to the Director of Governance (and their delegated officers) to negotiate, draft and conclude with the other member authorities and Veritau Limited all necessary documentation linked to the formation of the new company (including (but not limited to) the new company’s Articles of Association, Members Agreement, and the Novation of the Contract for the Provision of Assurance Services between CYC and the New Company.

Decision type: Key

Decision status: Decision Made

Wards affected: (All Wards);

Notice of proposed decision first published: 28/03/2024

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
The contents of this form, the Background Documents above and the eventual report to Executive are to be treated as exempt under Section 100I and paragraphs 3 and 4 of Schedule 12A of the 1972 Local Government Act due to commercial sensitivities relating to the financial or business affairs of any VL, CYC and each of the other member authorities, and due to information relating to any consultations or negotiations, or contemplated consultations or negotiations, in connection with any labour relations matter arising in relation to the proposals discussed here.

Decision due: 09/05/24 by Executive

Lead member: Executive Member for Finance, Performance, Major Projects, Human Rights, Equality and Inclusion

Lead director: Director of Governance

Department: Directorate of Governance

Contact: Dan Moynihan, Senior Solicitor - contract and commercial Email: Email:

Consultation process


Equality Impact Assessment Completed?: No


Agenda items



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