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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

CIC Regulator: freedom of Information request

I recently asked the CIC regulator a few questions about their powers and enforcement of those powers under a FOI request. I'm not sure how to upload their response (can I post it anywhere?). Most notably, over past 5 years, 310 CICs investigated. 0 CIC's had enforcement action against them.

Posted on January 18, 2018 at 9:12

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