Dragonfly Shareholder Board Update
Minutes:
The Portfolio Holder for Housing provided a verbal update on the Shareholder Board (the ‘Board’) to the Committee.
The Council’s wholly owned Dragonfly Development Ltd. and Dragonfly Management (Bolsover) Ltd. companies had, as of the start of the month, been brought into the Council.
The Board had met a few days before – it was expected this would be the final official meeting before responsibilities were appropriately passed to the Council.
The Committee was informed Project Eiffel Tower had proceeded very well with a final debrief to be held March 2026. Consultations with the unions had taken place.
Employees appointed by the Dragonfly Companies had been invited to a Council induction session with the Leader and Chief Executive the week prior – positive comments had been received. Additional roadshows for all staff would be provided across spring 2026.
Delivery of vehicles with updated branding and new staff badges had been completed to reassure social tenants all officers were from the Council.
The previous Dragonfly Companies’ risk registers had been incorporated into the Council’s.
Dragonfly Development Ltd. had become the Council’s Property, Construction and Assets Team – it was noted construction projects had continued without interruption and these were listed to the Committee with the following updates noted:
· Alder Close, Shirebrook:
o Site on budget other than gas connection;
o Currently on budget;
o Forecast completion was May 2026 (subject to gas connection).
· North Border Hill School, Bassetlaw District Council:
o Demolition costs submitted Quarter 2 2025/26
o Estimated Schedule of Service estimated Quarter 1 2026/27.
· Shirebrook Market Place:
o Site was showing 6-weeks behind programme due to cladding install delay;
o Currently on budget;
o Handover to Council scheduled 6th April 2026 with Shirebrook Town Council handover subject to development agreement.
Performance monitoring had successfully aligned with the Council’s.
The Finance Team was still reviewing the Dragonfly Companies’ final accounts to ensure final payments to contractors were completed.
A meeting to produce a final report (for items such as lessons learned) was planned for March 17th 2026 – the report would then be submitted to Council.
The Committee was informed the Portfolio Holder for Devolution would have provided the verbal update but was unavailable.
The Chair thanked the Portfolio Holder for Housing for the verbal update.