Land & Leisure Cooperative

 

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We are purposing to purchase a 200 to 300 acre farm in East Sussex.

 

We are in the process of creating a company with limited guarantee, the company will issue the shares, while the venture will be run as a cooperative.

 

Members of the cooperative will be able to buy shares at investment of £6,000 as a full share, £3,000 as a half share and £1,500 as a quarter share.

 

Anyone with £6,000 invested in a bank would be getting about £50 a year or £1 a week, this venture should give you a better return on your investment, with the additional attraction of a leisure aspect.

 

Members would be free to camp on the farm, with camping facilities such as yurts, fire pits etc. made available. 

 

Any surplus share option can be offered to members in the form of cash or goods, e.g. meat, vegetables or fruit.

 

We will to create a surplus on the financial transactions. The surplus will be put in a separate account for future plans, also to have some cash capital in hand in the event a member wanted to leave the group and wanted their capital returned, the cooperative then would offer that share to another would be member.

 

We intend to be organic and biodynamic, please see www.biodynamics.com.

 

Members will be invited to pick their own produce when ready to harvest, that's to say take for imitate family use. The rest of the produce would be gathered and stored in cold stores to made into pies, jam etc. and to sell in Farmers Markets and local outlets. We also plan to produce local smoked bacon and organic dairy products.

On investing, you become a member of the Cooperative. Each member has one vote irrespective of the number of shares held. Shares can be purchased jointly, but jointly held share holdings still only hold a single vote.

Shares are withdraw upon application to the Board. They are not transferable (expect on death or bankruptcy), so the value of shares is not subject to speculation and the shares remain at their paid up value, which is the purchase price). The Board of Directors has the authority to, in exceptional circumstances, write down the value of shares in order to protect the financial stability of the Co-operative.

We encourage investors to view shares purchased as a long term investment of three years or more. The Co-operative is regularly contacted by people wishing to invest with us and those people are added to our waiting list. 

You cannot sell your shares, except back to the Co-operative itself, which requires giving three months’ notice of your wish to withdraw your investment to the Board. Your withdrawal will be subject to the conditions outlined above.

This Offer is not eligible for tax relief under either the Enterprise Investment Scheme (EIS) or Social Investment Tax Relief (SITR),

Shares will be allocated on a first come first served basis. The Co-operative reserves the right to suspend an offer at any time.

You are able to purchase shares jointly with someone else and you can also choose to hold shares on behalf of children; you may also nominate a person to whom you wish your shares to be transferred on your death.

We would love you to invest with us! However, please note that all applications for shares are accepted at the discretion of the Board of Directors. The Board reserves the right not to issue shares, or to allocate fewer shares than applied for.