A unique opportunity has arisen to purchase a 300 acre farm in
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.
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
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
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
can invest (over the age of
16), with a minimum investment of £3,000 and a maximum of £60,000.
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
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.
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.
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.
Offer is not eligible for tax relief under
either the Enterprise Investment Scheme (EIS) or Social Investment Tax
will be allocated on a first come first served basis. The
Co-operative reserves the right to suspend the offer at any time.
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.
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.
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.