Community Interest Company


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Community Interest Company

A for-profit company in the United Kingdom that has statutory duties other than making a profit for owners. It may be formed for many purposes, such as to improve a community or to protect the environment. It is treated as a for-profit company for legal and tax purposes. It is not prohibited from making a profit, but it is subject to fewer regulatory requirements than a non-profit in the United Kingdom.
References in periodicals archive ?
Clr Graham Turner, Cabinet member for resources, said: "The community interest company has been assessed by council officers and has a robust business plan.
We might well come up with a community interest company or social enterprise to run it, but the council will retain ownership of the building to protect its long-term future.
As a community interest company, every penny that is spent with us goes into future projects; and we're looking forward to being a big attraction for Whitley Bay in the years to come.
Community interest company Resolve it has been set up by Diane Briere de l'Isle - wife of car insurance group boss Henry Engelhardt.
COMMUNITY interest company Gro-Organic, dedicated to improving the lives of Birmingham's young people, has launched an appeal that could help hundreds of schools equip the next generation of gardeners.
Cath John, assistant chief executive of the Monmouthshire council's community interest company, CMC2, said: "We have just released a tender to obtain quotes to make Monmouth town completely WiFi enabled.
Warm Wales are a Community Interest Company which distributes surpluses back into community investment programmes.
On Wednesday a Telegraph report on an industrial tribunal case involving Dr Shirine Boardman said that she was on secondment to the Apnee Sehat Community Interest Company (CIC) when she transferred patient information.
Established as a Community Interest Company, accountable to the CIC regulator, Roots HR offers a commitment to people management, without the commercial preoccupation with maximizing profit for shareholders and owners.
The Meltham Carlile Community Interest Company nominated Clr Greaves for championing their work and building up trust and strong relationships with the community sector in his local area.
Transport for Liverpool (TfL), a Community Interest Company, has been carrying out research to find which areas of the city may need a radical rethink of their present services, to improve access to health appointments, employment opportunities, supermarkets and social events.
Dan Ellis worked with Stephen Fairley and Will Smith to set up Jam Jar Cinema in Whitley Bay as a community interest company in 2012.
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