What is a community interest company?
Innovations in dementia CIC is registered as a community interest company.
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.
For more information about CICs please visit the website of the Community Interest Company registrar - www.cicregulator.gov.uk.
Innovations in Dementia CIC, PO Box 616, Exeter, EX1 9JB
© Innovations in Dementia CIC 2012