Herefordshire business services firm Hoople starts search for new MD

Ledbury Reporter: Herefordshire business services firm Hoople starts search for new MD Herefordshire business services firm Hoople starts search for new MD

HOOPLE is to search for a successor to MD Mike Dearing with the company saying it remains “financially robust” and able to cope with cuts to its Herefordshire Council contract.

This morning (Friday), the company confirmed that Mr Dearing is to stand down in June to develop a consultancy start-up marketed to  “change and transformation” in the public sector.

Mr Dearing, MD at Hoople – the first cross-sector trading company in the public sector - since its start in 2011,  said the decision to step down had been “difficult” and taken with “mixed emotions”.

In confirming his step down, Mr Dearing acknowledged speculation over Hoople’s future.

"I have discussed my departure with the Board and in the interests of the company, and it’s customers, I have agreed to stay on until June.  The company finances are in good shape, we have a strong order book for 2014/15 and a highly motivated Board,” he said.

In a statement to accompany confirmation of the resignation, Hoople described itself as a “ strong, financially robust company” and able to cope with the  £1.2m saving on its services that Herefordshire Council intends to make over the coming financial year.

Set up in 2011 in the form of a joint venture company, Hoople, with the council as a 65% shareholder, took on what was previously known as the shared services partnership (SSP) and its 10-year £33 million savings target which the then council chief executive Chris Bull told cabinet had already been deleted from the council’s budget plans.

Hoople provides financial, IT and back office services.

Since formation, Hoople  says it has delivered  some £3 million in savings to shareholders.

Comments (1)

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11:00am Fri 28 Feb 14

bobby47 says...

I ain't surprised when they say they are looking for a new MD. They can hardly say they ain't because that would be an acknowledgment that they are in trouble. No, they've gotta get their new MD and they will but it'll not change a thing.
Hopefully, the new MD will come in, they'll collectively be sensible about the future, ensure staff are redeployed back within Plough Lane and then fold the Company up and put it down to one of those mistakes Councillors make when they are given time to dream.
I ain't surprised when they say they are looking for a new MD. They can hardly say they ain't because that would be an acknowledgment that they are in trouble. No, they've gotta get their new MD and they will but it'll not change a thing. Hopefully, the new MD will come in, they'll collectively be sensible about the future, ensure staff are redeployed back within Plough Lane and then fold the Company up and put it down to one of those mistakes Councillors make when they are given time to dream. bobby47
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