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Community Interest Companies (CIC) Accounts

Community Interest Companies (CICS) are limited companies with special additional features, created for the use of people who want to conduct a business or other activity for community benefit and not purely for private advantage.

This is achieved by a "community interest test" and "asset lock" which ensure that the CIC is established for community purposes and the assets and profits are dedicated to these purposes.

Registration of a company as a CIC has to be approved by the Regulator who also has a continuing monitoring and enforcement role.  

More info: http://www.cicregulator.gov.uk/index.shtml

CIC's produce accounts for Companies House as well as completing the annual CIC report (CIC34), with a £15 fee.

  • Steven Cox
  • Mar 3 2017
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