CIC Association

Serving Community Enterprise

Geoff Holt
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Profile Information

What is your postcode?
PO16 8SE
Name of organisation (if any) you are associated with?
Wetwheels Solent
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://wetwheels.co.uk
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
Yes

Geoff Holt's Blog

More help and awareness needed

More help for CIC's.

1  HSBC refuse to give us a business credit card because they insist we are a not-for-profit and MUST have a constitution whereas we are a CIC limited by guarantee with Articles of Association.

2 HMRC state CIC's show profits and must pay Corporation Tax but as a CIC has a "surplus" that is ploughed back into our business not a "profit" for directors.

3 99% of grant making trusts do not recognise CIC as having "charitable" objects whereas the Nat…

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Posted on May 12, 2016 at 14:51 — 7 Comments

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