CIC Association

Serving Community Enterprise

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CIC Share Issues

To discuss everything Share related

Members: 53
Latest Activity: on Monday

With the changes to the CIC Caps and details of the SITR (Social Investment Tax Relief) due to be announced on 10th Dec raising community investment via shares will be of more interest to CICs than ever before.

To keep up to date make sure to join the network as we will be communicating widely on these issues as they develop

Discussion Forum

Equity Valuations for Private Company 5 Replies

Greetings to all.  I’m looking forward to learning, participating and sharing what I learn.  I have started and managed a CLG but have no experience with shares.  May I please ask a couple of…Continue

Tags: cohousing, senior, equity, valuation, share

Started by Donald (Sky) McCain. Last reply by Martin Prosser Feb 6.

CIC purchasing assets from Ltd Company 3 Replies

Hi I have a Ltd company and i'm in the process of thinking about selling the assets to CIC, the Ltd company has property and the CIC would purchase the property. Can anyone please let me know what…Continue

Started by Mark Peters. Last reply by John Mulkerrin Oct 10, 2016.

Raising Equity Finance for your CIC - A Guide to the UK Regulatory Framework and Exemptions, 2 Replies

Hi All.It is with pleasure that I attach Raising Equity Finance for your CIC - A Guide to the UK Regulatory Framework and Exemptions. .It is perfectly feasible for a CIC to use their shares to…Continue

Tags: Company, Equity, John, Mulkerrin, Interest

Started by John Mulkerrin. Last reply by John Mulkerrin Jul 6, 2016.

IN01 question about shares. 2 Replies

On section F4 of this form, it asks about statement of capital:I'm forming a schedule three CIC, with myself as the only share holder. What do I put about 1. voting rights, and 2. Dividends.Thank you.Continue

Started by Oliver Claridge. Last reply by Asha Jan 5, 2016.

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Comment by Michael Hallam on July 26, 2011 at 14:40

Hopefully this is quite a simple question.

I am currently setting up a small CIC to run a local community car club and we are seeking £15k of investment from friends and auaintances. I will be using the CIC Model Constitution 6: more members than directors limited by shares but the provision for voting seems to restrict members to one vote regardless of how many shares they own. Is there any provision to give voting rights proportional to the number of shares owned. Also is there any reason why shares should be limited to £1 value? For ease of administration and to keep, what is a small operation, manageable I would like to issue 150 shares at a value of £100 each. Is there any reason why we cant do this? I know these may be very simple and basic questions but I thought I could ask.

Comment by David William Eadie on February 22, 2010 at 19:25
Hi Geof, Thanks for the links. I will certainly have a look at them. david
Comment by Geof Cox on February 22, 2010 at 16:45
David,
The CIC Regulator's site of course contains a lot of information
http://www.cicreg.gov.uk/index.shtml
The model constitution and notes I wrote for Social Firms UK also contains a lot of plain-language exploration of the Share CIC form:
http://socialfirmsuk.co.uk/resources/library/template-social-firm-s...
Comment by David William Eadie on February 18, 2010 at 17:52
Hello members of the Share Issues group. I am actively planning to establish a cic consultancy and a cic website based service. I think both of these need to be ltd by shares. I am an accountant but do not have any experience of setting up cics and wondered if members could recommend any good books and / or websites ( like this one) where i could develop my knowledge. Thanks
Comment by Jeff Mowatt on October 14, 2009 at 19:24
John, as you know we're not a CIC but operate a social investment model. The approach we've deployed to get funding into social enterprise is to use our surplus revenue to fund advocacy which leverages government investment. You'll see this described in summary on this website.

What I've experienced in the social enterprise sector over the last five years is that there's no solidarity from the sector in engaging social suppliers like us. We have several customers in fact, who are in arrears with support payments while at the same promoting and even grant funding social enterprise.

It's a crock, IOW

Jeff
Comment by John Mulkerrin on October 14, 2009 at 18:55
Id also like this Group to help develop our strategy to build a system that will help deliver successful transactions. Its a core objective of the Association to improve capital flows into Social Enterprise, and whilst the CIC has many problems to address, it also has quite a few opportunities to engage with.

Improving the experience for all key groups, investors, commissioners, the general public will be just as important as helping practitioners, so its vital we get as wide a range of input as possible.
Comment by June Battye on October 13, 2009 at 14:32
Does any one know if there is the equivalent of the Independent Complaints Reviewer in the Charity Commission for CICs please? Have written a complaints policy but need this info to finish it off. thanks
Comment by Geof Cox on October 12, 2009 at 13:13
John and I decided to start this group for those involved in Share CICs and who wanted to actively use their shares, either to raise investment of for some other purpose (for example to involve key stakeholders with appropriate voting rights).
There are of course many discussions of such issues already (as a starter, for instance, you might take a look at my blog) - but there are many complex issues that still need to be explored around the use of CIC Shares, and a lot of know-how that we need to share, and we hope this Group will now become the key forum for these explorations.
 

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