We are a Community Interest Company (CIC) Limited by Guarantee without share capital. This means:

 

1. The company must operate for the benefit of the community rather than private individuals.

    Its activities should serve a social purpose.

 

2. All profits must be reinvested into the company’s activities for community benefit.

    We cannot issue shares or distribute profit via dividends.

 

3. A statutory asset lock ensures that company assets and profits are used only for its social purpose.

 

4. The CIC must submit a report to Companies House each year,

explaining:

• How it has benefited the community.
•  Details of any directors’ remuneration.
•  Compliance with the asset lock.

 

This structure is commonly used by non-profits, social enterprises, and community groups that want the benefits of a company structure without shareholders profiting from the business.