Key features of our Community Benefit Society

  • Membership of BWCE is based on shareholding which is open to anyone aged 16 or over who supports the aims of the Society.
  • Shares are valued at £1 each. Membership is secured through a minimum shareholding of £100. The maximum shareholding is £100,000 per member.
  • We plan to pay our members interest on their shares. This is not a distribution of profits but is regarded by the Financial Conduct Authority (our registering body) as a cost on the business.
  • BWCE is run democratically. Members have one vote regardless of the number of shares they own. One Member – One Vote.
  • All shares issued by the Society have equal member rights but are eligible for different rates of interest as specified in the conditions outlined in the relevant share offer document or subsequent interest rate policy approved by members.
  • Members are invited to participate in the running of the Society, for example by attending general meetings, or standing for election to the Board, and to engage with the work of the organisation. See HERE for information on current boards members.
  • Membership is governed by our Rules which you can see HERE.
  • The founding principles and ethos of the business are protected with an asset lock. Which ensures that our assets can never be cashed in by, or transferred to, private individuals or commercial interests without fair return, except where repaying share capital to members. While trading, assets must be used for community benefit and in the event of the Society being wound up, any proceeds would be used to repay creditors and then share capital to shareholders at up to a maximum of £1 per share. Any surplus above this amount would be gifted to another society or charity with an asset lock with similar objectives.
  • We are registered with the Financial Conduct Authority (FCA). Our registration number is 30960R.

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