Some frequently asked questions and answers from potential investors.......
We wanted to share a few questions and answers that we’ve gathered from protentional investors that you may find useful when considering whether you would like to invest:
Q. Will I be liable for any debts incurred if the business fails?
A. No. As the Barge Inn Alliance is a limited company you will only be responsible for the amount you invest.
Q. Will my investment be safe?
A. There is risk with all share investments but as we have an asset lock and discretions to suspend withdrawals/interest (if the business cannot support it) we can impose those discretions until the society is in a profitable position to support withdrawal of capital or pay interest. Having said that, we have a very conservative business plan and believe the business will be able to support interest payments after 3 years of trading.
Our aim is to buy the freehold, so it can truly be in community hands forever and protect its future for all that value it.
A reminder of what’s in it for you…
The first £150,000 invested will attract 50% tax relief with the remaining investments attracting 30% tax relief under the SEED EIS and EIS schemes.
You can offset this tax relief against income tax, inheritance tax and half your capital gains tax.
Following the 3-year moratorium we intend to pay interest on your investment of up to 3% from the operating profits.
It will be a ‘not for profit’ organisation so the profits will be ploughed back into the business to secure its future.
There will be a democratic ‘one member one vote’ - you will have an equal say in the decision making and how the business is run.
We intend to run a number of community-centric activities and events – please see our business plan for more details – although this is not an exhaustive list!
We will be seeking your suggestions about what you would like to see from your community pub to ensure it meets the needs of the community.
Help save this wonderful community pub – please invest now!
There are no comments on this update yet.