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Coddan CPM Ltd. – Company Registration Agent in the UK
Home Non Profit Companies CIC Community Interest Company

CIC company registration from £175.99 within six hours online!

Same day community interest company registration across the United Kingdom: we guide customers to comply with the community interest company law, including the CIC company formation & functioning of the community interest companies, dealing with the registration of CIC companies with Companies House.


Registration of a CIC company limited by guarantee

£175.89

NO ANNUAL CHARGES

Recommended for Recommended for

1
option

The first option of the CIC company limited by guarantee formation is the fastest process with basic documentation to get your community interest business started, and bank account with Barclays, RBS or Lloyds.

Upon a CIC company registration, we will send you the following documents by post:



£190.89

NO ANNUAL CHARGES

Recommended for Recommended for

2
option

The second option of the CIC company limited by guarantee registration with the statutory required documentation to get your community interest business started, and business bank account with RBS, Barclays or Lloyds.

This community interest company registration offer includes all services mentioned in the first package, plus:



£233.89

NO ANNUAL CHARGES

Recommended for Recommended for

3
option

This package is ideal for the sole director company, who can verify official company documents by a single signature and a stamp, & who wants the main incorporation offer with all documents send by post.

This offer includes all CIC company incorporation features specified in the first & the second options, plus free delivery of:



£240.89

ANNUAL FEES FROM £75.00

Recommended for Recommended for

4
option

This package is cheap and cost effective way to start a community interest business, and includes the provision of the registered office address, plus the secretarial service for the duration of one year

This online community interest company creation offer covers all bonuses quoted in the first two options, plus:





Formation of a CIC company limited by shares

£175.89

NO ANNUAL CHARGES

Recommended for Recommended for

1
option

The first option of the CIC company limited by shares start-up is the fastest process with basic documentation to get your community interest business started, and bank account with Barclays, RBS or Lloyds.

Upon a CIC company registration, we will send you the following documents by post:



£190.89

NO ANNUAL CHARGES

Recommended for Recommended for

2
option

The second option of the CIC company limited by shares establishment with the statutory required documentation to get your community interest business started, and business bank account with RBS, Barclays or Lloyds.

This community interest company creation offer includes all services mentioned in the first package, plus:



£233.89

NO ANNUAL CHARGES

Recommended for Recommended for

3
option

This package is ideal for the sole director company, who can verify official company documents by a single signature and a stamp, & who wants the main incorporation offer with all documents send by post.

This offer includes all CIC company set-up features specified in the first & the second options, plus free delivery of:



£240.89

ANNUAL FEES FROM £75.00

Recommended for Recommended for

4
option

This package is cheap and cost effective way to start a community interest business, and includes the provision of the registered office address, plus the secretarial service for the duration of one year

This online community interest company incorporation offer covers all bonuses quoted in the first two options, plus:




CIC company formation online in England, Wales, Alba and Norlin Airlann in 2-8 days

CICs can be used as separate trading arms of charities where needed. As part of the CIC entity registration process, the enterprise needs to provide evidence that its operations will be beneficial to the community in the form of a community interest statement. This document also forms part of the company's accounts each year.

Like with regular businesses, community interest entities have to be registered with Companies House and are party to all normal filing requirements. They are also liable to the same penalties should there be any irregularities. One key component of starting-up of a CIC enterprise is known as asset lock. This protects any assets and profits (with the exception of funds distributed as dividends) to ensure they remain in the enterprise and will continue to be of benefit to the community. The only time such assets are transferable is when they are being passed to another 'asset-locked' body.

CIC companies set up with share capital are required to have a cap on dividends in place. Can an existing business be converted into a community interest company? Yes, in the majority of cases. However, any application is subject to approval from the community interest company regulator. Likewise, existing charities can convert but they must first seek agreement with the Charity Commission. How Coddan can help with a new CIC enterprise registration? There are a number of documents which need to be completed in order to create a CIC enterprise, but Coddan is on hand to provide all the CIC company formation requirements assistance you need. Our team are experts in all aspects of social CIC companies incorporation; we can handle the CIC company formation on your behalf in London, Edinburgh, Liverpool and Belfast and provide you with post-registration support on an ongoing basis. If you wish to incorporate a CIC association in Liverpool,Manchester or Sussex and need to have the valid registered office address there, we can supply it for you!

 

With us you can register a CIC entity fast and easy!

Community Interest Company Formation

A social enterprise, or a community interests company, is an alternative way to structure your business and has many advantages over a self-employed or traditional charity if used correctly. Therefore, if you are thinking of community interest company establishment, get in touch with Coddan or help and advice and ask about our new social community company formation package that saves you money. A community interest company set-up is not complex to setting up than a limited company, and there are additional costs involved, so it might not be the most effective structure for everyone. However, if you are thinking of a community interest firm creation and get the incorporation help, and then get in touch with Coddan for expert CIC company establishment advice. If you need an assistance with a community interest company incorporation in the UK (England, Wales, Scotland, North of Ireland) with a registered address, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).

A brief guide to starting as a CIC company (community interest company)

Starting CIC Company

Community interest organisation set-up online in England, Wales, Scotland and Northern Ireland: introduced in conjunction with the Companies Act 2004, a Community Interest Company (CIC) provides a platform for social organisations to be legal entities and trade without making a single penny in profit. There are many benefits of choosing to start up a community interest company but there are numerous different options available. Organisations such as Coddan is ideally suited to advise individuals on the requirements of setting up a CIC.

Proceeding with a community interest enterprise, whether it be by guarantee or by shares, is similar to that of a charitable structure, however it presents less restrictions in terms of entering into commercial agreements and the receipt of remuneration for directors.

Initially, community interest firms can be set up in the same way as a private company. On completion of incorporation, they provide an excellent avenue for taking advantage of an organisation’s risk taking features by offering limited liability for its members and you will be supported within the business community as the understanding of this company structure is common knowledge.

Furthermore, although there is a high percentage of community interest companies operating in areas such as health and social care, the extensive benefits that are available through this option make it extremely attractive for future private sector organisations and social enterprises.

By using the services of Coddan, an understanding can be gained of the range of community interest firm options available for individuals looking to start up an organisation in London, Edinburgh, Glasgow, Belfast, Liverpool and Manchester. With four different options available, allied to the expertise of a professional and efficient team, making the right choice that is ideally suited to your needs will be straightforward.

Registering a CIC (community interest company) has numerous benefits for those wishing to run a social enterprise, though it offers advantages to other business people and entrepreneurs too. This guide will help you better understand the process of registration of a CIC (community interest company) in any city or a town across the United Kingdom, and what will be expected of you by the authorities.

How to get started a community interest company in England, Wales, Scotland and North of Ireland? If you wish to run a community interest firm, you will have to incorporate through Companies House. Before you can do that, however, you will have to draw up a community interest statement. This will outline exactly what the intentions of your community interest company are and how you plan to deliver on them. You'll also need to deliver a memorandum of association, which will essentially consist of all the key people involved endorsing their membership of the community interest company and their willingness to follow the interest statement.

How community interest entities are tested? All UK CICs are subject to a community interest test, which has been put in place to ensure they are working to the benefit of their stated community. This will weigh up the promises of the community interest corporation with the intended activities it proposes to carry out and judge how possible and realistic its purposes are. It will also try to gauge how much profit or assistance will be returned to the beneficiaries.

Why community interest organisations can be tricky? Though they reduce your liability, running a community interest company comes with a large number of specific issues that you will need to work through. For example, a lock upon the community interest company's assets will be put in place, ensuring they can only be transferred to another asset locked organisation. Also, guidelines related to remuneration and dividends are very strict and must be followed to the letter.

CIC company, which non-profit company structure, in only ten years, is already more popular than cooperatives and mutual which have been around for a lot longer? It is the community interest company (CIC). If you are looking to establish a CIC company limited by shares or limited by guarantee, then work with Coddan. As leading experts and providers of CIC foundation setting-up and non-profit company establishment, we're with you at all times to make sure your CIC association is established correctly, efficiently and at the best possible price.

What is a community interest company in the United Kingdom, and how could one work for you and your cause? A community interest company's objective must be to carry out "activities that a reasonable person might consider are activities carried on for the benefit of the community". They are registered at Companies House and not the Charity Commission. You can structure your community interest corporation to make a profit and distribute it to the shareholders. There is, however, something called the "asset lock" in community interest companies which differentiates it from normal limited companies. You can only pay out 35% of a community interest corporation's profits in any one year in dividends to shareholders. The rest must be used to further the mission of the community interest company.

In most cases, community interest companies don't pay out dividends. Only 25% of those registered take the form that allows them to do this (that's a CIC limited by shares). The remainder are limited by guarantee so they cannot pay dividends, as there are no shareholders. The process of registering a CIC company is straight-forward. Our team here at Coddan are experts in CIC company limited by guarantee formation and limited by shares registration - we are waiting to speak with you to offer you the best advice to achieve the goals you have set. Call us on 0330 808 0089 today. Our CIC company set-up services in London, Edinburgh and Belfast start from just £175.89 and with Coddan, you are assured of world-class customer service and no hidden fees or charges - ever.

Why trust us to open a community interest company in the United Kingdom? As you can see, forming a community interest company in England, Wales, Scotland and North of Ireland is not a straightforward process. That's why you should trust Coddan to do the community interest company registration  for you across the Great Britain. Our team of experts understands all the important legal requirements and knows exactly how to get your community interest company up and running quickly, with minimum hassle and red-tape. Call today to find out more about our community interest entity formation service.