Do let us know how you get on with this, as it's new we are all trying to understand what is needed.I dont know of any who have declared no PSCs but imagine there should be a reasonable amount of CICs who will.
If your credit score isnt great that is probably the reason they have suggested the 3rd Director becomes the 2nd signatory.
You should be able to make the 1st Director the signatory for cheques etc alone, this way when the 3rd Director…"
I am thinking about CICs with a sufficient number of members (who may not all know each other), that formally electing directors, rather than just confirming their appointment by ordinary resolution, is relevant. I was thinking of GP commissioning groups and Nene Commissioning in particular, which serves Northants and which is registered as a CIC. However looking at their website, there is virtually nothing about governance or how they are funded, and you can become a 'member' without contributing any share capital. That seems just like a public relations exercise to me and the doctors just want to get rich off the NHS, hardly in the spirit of CICs. However if any of your members represent CICs with many members - probably hundreds at least - they might be interested in what I have to suggest. What do you think? Worth discussing or wasting people's time?