Welcome to the Owners Website

We are running this share offer through the Crowdfunder website. When you click to invest, you will make a payment which Crowdfunder will hold until the project closes. They will then pass the money to us.

Anyone over the age of 16 can invest* (but only people aged 18 or above can serve as directors,). Companies, organisations and other incorporated bodies can also
invest, but need to let us know the named individual who will be representing them at meetings of the society and to who we will send notices, agendas and such like.

*Note, purchases for those under 18 years old must be completed by a parent/guardian.

No, because we aren’t a charity.

Shares cannot rise in value, so there will never be a capital gain. They may be reduced in value if our auditors instruct us to do so if they believe that the value of our assets has fallen.

If we did become insolvent, the ability of investors to recoup the funds they have invested would depend on firstly the value we (or the appointed insolvency practitioners) could get for the assets of the society and secondly, the value of our debts at that point.

In the event of our insolvency or orderly winding-up, the proceeds from the sale of those assets and our cash would firstly pay off all our creditors, and if there were any funds left at that point, would be used to pay back shareholders as much of their investment as they have outstanding as possible, on a pro-rata basis.

As we are a society with a Statutory Asset Lock, any surplus left after paying off creditors and then shareholders will be distributed to another organisation with a statutory asset lock with similar aims to support sport in the Salford area.

Although we are registered as a society with The Financial Conduct Authority (FCA), the sale of withdrawable shares in the society is not regulated by the FCA. Like many
investments, these community shares are at risk and you could lose some or all of the money you invest. 

Unlike deposits with high street banks, community shares are not covered by the Financial Services Compensation Scheme, nor is there any right of complaint to the Financial Ombudsman Service. If you are considering investing a significant amount then you may wish to seek independent financial advice before doing so. 

Investors who have claimed tax relief would also eligible to claim loss relief against their tax liability for the difference between what they invested less any tax relief already claimed and what was returned to them.

The minimum investment is £100 and the maximum is £100,000. Every investor will get 1 Ordinary share at £1 each, which gives one vote in the society’s meetings, and the remainder of your investment will be allocated as Community Shares at £1 each which carry no voting rights.

Yes. A representative of that organization will need to become a Member of the society as nominee for their organization/business.

Yes, but as with organizations, you’ll have to nominate a Member of your group to be the named shareholder in our share register.

No. This investment is in withdrawable share capital which cannot be transferred, sold or given to anyone else, except on your death. You can tell us in advance who you wish to transfer your investment upon your death, and we can transfer the first £5,000 of your investment to them; any investment above £5,000 requires your beneficiary to be explicitly named in your will. If you do not nominate anyone, the Board will rely on the instructions given by your executors.

Everyone who invests will receive a community share certificate.

Your personal details as submitted on the application form will be held by the society and used in accordance with the provisions of the rules and of the 2014 Cooperative and Community Benefit Societies Act. Only Members can inspect the Members’ register and view Members’ names and addresses (not how much they have invested) but the society will not share, sell, or provide my details to any other individual or organisation and will ensure compliance with the GPDR regulation in accordance with its responsibility as a data controller.