Land & Leisure Cooperative

 

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A unique opportunity has arisen to purchase a 300 acre farm in East Sussex.

Members of the cooperative will then be able to buy shares at investment of £12,000 as a full share, £6,000 as a half share and £3,000 as a quarter share, thus buying one acre of land.

 

Anyone with £12,000 invested in a bank would be getting about £100 a year or £2 a week, this venture will pay dividends, with the additional attraction of a leisure aspect to your investment.

 

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

Any funds collected from members in return for meat and vegetables would be used to cover staff wages. Any surplus produce would be divided as per the cooperative agreement.

 

Land and Leisure cooperative will not be a registered company thus not having to be guided by company rules and therefor not have to pay company taxes, we will be registered with the cooperative mutual society, and will use their rules.

 

This will mean we will plan to create a surplus on the financial transactions, the surplus will be put in a separate account for future plans, also to have some 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.

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.

Anyone can invest (over the age of 16), with a minimum investment of £3,000 and a maximum of £60,000.

This Share Offer is exempt from the Financial Services and Markets Act 2000, or subsidiary regulations. This means you have no right of complaint to an ombudsman. The Co-operative is registered with, but not authorized by, the Financial Conduct Authority and therefore the money you pay for your shares is not safeguarded by any depositor protection scheme or dispute resolution scheme.

Shares are withdraw able 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 Board will limit total withdrawals in any one year to a maximum of 10% of the total share capital held by the Co-operative. The Co-operative is regularly contacted by people wishing to invest with us. Following the closure of this Share Offer, we will establish a waiting list of prospective investors; as new members join and invest, their capital investment will enable prior investors to withdraw.

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 the 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.

Only one application per person or body will be accepted and the application must be accompanied by a cheque for the appropriate sum or notification of bank transfer.

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.