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Alexander Neal
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Sole Directorship Articles
7 Replies

Hello,I set up my CIC In in September of last year. In the opening of an account with the co-op bank they have pointed out an irregularity in my Articles of Association. My articles are written for…Continue

Started this discussion. Last reply by Lara McLean Mar 12.

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Lara McLean replied to Alexander Neal's discussion Sole Directorship Articles
"Hi there, would it be possible to get a copy of these please? Lara"
Mar 12
John Mulkerrin commented on Alexander Neal's blog post Show by show investment strategy
"In addition to what is normally explained when receiving advice, point your advisers to Article 52 of the Financial Promotion Order. The key points are for the potential investor to be 'known' to you before they receive any details or…"
Jan 30
Alexander Neal commented on Alexander Neal's blog post Show by show investment strategy
"Hi John, Thanks - yes took a look at Big Lemon link. In the long term we will be looking at SEIs, possible bond options and other government backed long term investment opportunities - incentive schemes etc. I contacted the CIC regulator and said…"
Jan 29
John Mulkerrin commented on Alexander Neal's blog post Show by show investment strategy
"It cannot be described as an equity investment as you are a CIC Limited by Guarantee, so you'll have to describe it as a bond or similar. What are you offering the investors if the production does well? You really need to look at the Big Lemon…"
Jan 28
Alexander Neal commented on Alexander Neal's blog post Show by show investment strategy
"Hi John - again huge thanks for communicating all this. As as far as I can word it - it’s an equity investment but I cannot offer shares as my CIC is not able to do that. Would it be phrased another way? We are going to offer between 60 and…"
Jan 23
John Mulkerrin commented on Alexander Neal's blog post Show by show investment strategy
"Hi A An investment will be either debt or equity, obviously terms and conditions can vary widely. Here's a good example of a CIC Community Bond Scheme https://thebiglemon.com/offer/ You can get tax relief at 30% on this as an…"
Jan 23
Alexander Neal commented on Alexander Neal's blog post Show by show investment strategy
"Hi John, Thanks for coming back so quickly. Dilated Theatre Co CIC is limited by guarantee. So I can’t offer shares in the company - I thought it would be difficult at this stage to keep a track of shares by numerous people in multiple…"
Jan 23
John Mulkerrin commented on Alexander Neal's blog post Show by show investment strategy
"Hi A yes you can, you have to make sure you either comply tot he FCA rules on investments or make sure you comply to the process using existing exemptions. Basic premise is everything must be clear, fair and not doesnt misrepresent the truth. You…"
Jan 23
Alexander Neal posted a blog post

Show by show investment strategy

hi - I have a question regarding raising private investment on a show by show basis.We are now at a critical point of fundraising for our upcoming show in 2018. The idea being as we are now newly formed as a CIC we can mix NPO funding with private investment.  We are hoping to raise circa £10,000 in donations. £15,000 in Arts Council money and £30,000 private investment. We want to use the 35% profit split to pay returns to investors and bonuses to performers.are we able to sell investment…See More
Jan 23
Alexander Neal replied to Alexander Neal's discussion Sole Directorship Articles
"Thanks John that's great!"
Jan 21
John Mulkerrin replied to Alexander Neal's discussion Sole Directorship Articles
"Click through to this, scroll down and you'll see ive attached a single director template courtesy of the excellent Mr…"
Jan 19
Alexander Neal replied to Alexander Neal's discussion Sole Directorship Articles
"Hi John,  Thank you so much for your reply. I hadn't made myself altogether clear as I was working from my iphone earlier. I need some advice on the actual wording of the Articles. At present they read like this: Directors to take…"
Jan 18
John Mulkerrin replied to Alexander Neal's discussion Sole Directorship Articles
"Hi Alex We the board of xxx cic do hereby agree to adopt the new articles of association and forward to the CIC Regulator for approval........"
Jan 18
Alexander Neal posted a discussion

Sole Directorship Articles

Hello,I set up my CIC In in September of last year. In the opening of an account with the co-op bank they have pointed out an irregularity in my Articles of Association. My articles are written for two directors or more.I now need to pass a special resolution with myself and amend the Articles.Can anyone help with the wording of this amendment please?AlexSee More
Jan 18
Alexander Neal is now a member of CIC Association
Jan 18

Profile Information

What is your postcode?
SW19 8QF
Name of organisation (if any) you are associated with?
Dilated Theatre Company CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://www.dilatedtheatre..com
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
No

Alexander Neal's Blog

Show by show investment strategy

hi - I have a question regarding raising private investment on a show by show basis.

We are now at a critical point of fundraising for our upcoming show in 2018. The idea being as we are now newly formed as a CIC we can mix NPO funding with private investment.  We are hoping to raise circa £10,000 in donations. £15,000 in Arts Council money and £30,000 private investment. We want to use the 35% profit split to pay returns to investors and bonuses to…

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Posted on January 23, 2018 at 6:43 — 7 Comments

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