Three companies all limited by guarantee, have the same directors, the same members and the same committee. Two make losses and one a profit, Previously one un-incorporated association that heavens knows why has been separated on incorporation. Company 1 is purely trading and makes a profit which is utilised by the other two companies through loans to support member activities and services. Companies 2 and 3 are loss making and receive subscriptions from members and sponsorship in addition to the loans.
Geoff pym
Replies (2)
Please login or register to join the discussion.
Unusual
I would have expected a group, but based on the parent company limited by guarantee and the subsids being limited by shares. But that's from a compnay law perspective.
Associated companies, which these would appear to be (if that's a valid concept here), have never been able to group relieve their losses.
Others on here who are more expert in tax matters may have a different view, of course.