CIC Association

Serving Community Enterprise

Hi all - Hope everyone is well,

Our CIC team is taking on work in different fields and are thinking about placing our CIC on 'hold' till next year when we begin a new project together again.

Is there anything in particular that we need to do, as we wont be trading?

Thanks in advance!

A

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Hi Alam 

You need to submit this information to Co- House, so that means sending details of dormant accounts and an annual statement just as you would if you had traded.  A CIC can be dormant for up to 5 years before losing it's CIC status

John

Thanks John :] very informative!

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