Salaries of defunct Northamptonshire Enterprise Limited quango rose in its final years
SALARIES at the now defunct economic development quango, Northamptonshire Enterprise Limited, rose by an average of 5.2 per cent in the final two years of its existence, according to published accounts seen by the Chronicle & Echo.
NEL was disbanded last year and replaced on June 1 by a new organisation, the Northamptonshire Enterprise Partnership, which sprung out of the Government’s desire to create Local Enterprise Partnership (LEP) schemes across the UK.
The accounts, which have recently been filed at Companies House, showed administration costs in the financial year 2010-11 were almost 38 per cent of income, down from 50 per cent the previous year but more than double that of 2007-08 when the economic downturn had yet to kick in.
The effect of the economic downturn is, however, laid bare by the overall turnover figures for the organisation which delivered £11,035,543 of projects in 2007-08 compared with just £4,571,523 in the 12 months to last March.
NEL’s list of transactions with organisations during the 2010-11 financial year are also itemised alongside the relationship of board directors to those organisations.
In addition to receiving a salary of £27,064, Paul Southworth’s company Direct Selling News Limited, was invoiced to the tune of £13,000.
The biggest business partners remained local authorities and Government quangos.
Northamptonshire County Council, whose leader Jim Harker sits on the board, was billed £2,072,801 while other big business partners were the West Northamptonshire Development Corporation (£81,076) and the North Northamptonshire Development Corporation which was billed for £478,203. NEL also had business dealings with a number of other organisations whose board of directors also sit on NEL, including Silverstone Circuits, The University of Northampton and the Northamptonshire Theatres Trust.
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Finker
Wednesday, January 25, 2012 at 03:03 PMDo they mean Paul Southwell's company WAS invoiced, or that company invoiced NEL? Might be helpful to say what for in either case. Given the Count's recent push on creating jobs and economic growth you would think he might support this but I am guessing not.
macbeth
Wednesday, January 25, 2012 at 12:10 PMI can hear the Count now....
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