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Panicking - Will I need to re-register as changing to C.I.C?


hopeytg
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I have just gone into a state of panic - I bought the pre-school I managed last year to save it from closing and set up a Ltd Company - the Parish Hall who I lease land off to locate the building are insisting that I am a CIC not a Ltd company. I have sent all the forms off to change over and just had a panic that it will mean re-registering again with Ofsted - not sure I can face the 'Suitability Interview' again. Does anyone know?

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Good morning,

I've had a look through the registration requirements and I can't find a definitive answer for you. If you change 'legal entity' ie from Ltd to CIC you would need to reregister (p26, para 124/5). However, if you are already known and 'vetted' it may transfer over without additional checks (p25, para 114/116/117/118)

 

Registration process

 

Have you phoned Ofsted and asked them?

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Thank you both - I had to go through re-registration when I bought the business so I am hoping that as it is only a change of business type and the fact that I had my interview within 12 months I will be ok - I have been putting off contacting Ofsted as I really don't think I can face going through it again

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Thank you both - I had to go through re-registration when I bought the business so I am hoping that as it is only a change of business type and the fact that I had my interview within 12 months I will be ok - I have been putting off contacting Ofsted as I really don't think I can face going through it again

I would contact them - even if it means you have to go through it again - what's the alternative? Not registering?

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bit confused as to why your parish council want you to change.....

You say your are a LTD company have you checked with your accountant that you can change over with your setup?

I too would give ofsted a ring ...you shouldn't need to do another suitable person check but you do need to inform them of changes effecting the business (and companies house /professional organisations )

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Finleysmaid it is a very long story but basically they seem to have a problem with me no longer being a charity - despite being told the pre-school would have closed if I hadn't taken over. Believe me I have battled, currently to the cost of over £2000 but with no alternative to relocate I have no other option. Having done a lot of research it is not too onerous a task to change so I have made my application - next hurdle Ofsted.

I have emailed Ofsted - always like to get the response in writing.

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Finleysmaid it is a very long story but basically they seem to have a problem with me no longer being a charity - despite being told the pre-school would have closed if I hadn't taken over. Believe me I have battled, currently to the cost of over £2000 but with no alternative to relocate I have no other option. Having done a lot of research it is not too onerous a task to change so I have made my application - next hurdle Ofsted.

I have emailed Ofsted - always like to get the response in writing.

 

I'm following this very closely, I seem to be in the same situation as you. I'm thinking of registering as a charity group but I haven't a clue were to start it all happening to quickly.

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Louby Loo we/I came out of the charity status because of needing trustees etc and we just couldn't get anyone on board. A CIC allows just one Director and although you do not have charitable status the memorandum states that profits (lol) are kept in the business and 'assets' are locked and can only be transferred to similar organisation. Closing down the charity was the easiest bit of the whole process.

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Louby Loo we/I came out of the charity status because of needing trustees etc and we just couldn't get anyone on board. A CIC allows just one Director and although you do not have charitable status the memorandum states that profits (lol) are kept in the business and 'assets' are locked and can only be transferred to similar organisation. Closing down the charity was the easiest bit of the whole process.

 

Thank-you, thank-you thank-you ((((Hugs)))))

 

It's all turning into a bit of a nightmare - and the more I'm looking the more confused I'm getting!!

 

Sounds like the CIC is what we need to go for - I want to run it as a 'not for profit' - but I didn't want to go down the trustee/committee route.

 

Our LA is having a major 'cabinet reshuffle' at the moment - so although they are trying to give support I think they are all worried about their own jobs too at the moment. (fully understandable).

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