Oh blogger!
Happy New Year, is it too late to say that now?!
We start 2012 with the sad news that Filling the Gap CIC is deceased! Renee and I murdered it when we discovered that no one will fund a company limited by shares because there is the potential to rake in the profit from dividends. Although we never had any intention of doing this, prospective funders do not know the quality of our moral fibre and we have received some good advice, from a number of lovely, helpful people, that restructuring now will save later pain. So we have…..
Please be upstanding for ‘Filling the Gaps CIC’, a Community Interest Company that happens to be a private company limited by guarantee!
To honest, our choice to be limited by shares was made in excitement, exuberance and error! We fundamentally misunderstood the notion of liability and feared losing houses etc. Now, thanks to Making Local Food Work (MLFW) and the lovely Mark and Hayley, we get it!
It’s not entirely back to square one, just some changes at Companies House and the Bank. The worst part has definitely been trouping through more Articles of Association. A degree in English is no match for that crazy brand of over-punctuated legalese! Once we had made the decision, it was just a case of getting on with it. Renee is much better at this than me. I tend to spend pointless, wasted hours considering too many, impossible variables from ridiculous angles, Renee, however, wisely ‘Let’s deal with now, before it becomes a problem’. So we have……..
Hayley from MLFW has been invaluable in helping us to move forward. Alongside helping us develop our business plan, she has suggested a pilot scheme…….
So if anyone in the N15 area fancies being fed lunch every Friday for the month of March for £20, drop us an email. Kids eat free.
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