Changing status
12 replies
JVB66 replied on 04/02/2018 10:58
brue replied on 04/02/2018 11:20
Posted on 04/02/2018 11:20
In one simple answer. PLCs are fine but the club as it stands now is a membership organisation, not for profit and ploughs it's profits back into the business. A PLC would be paying out dividends to shareholders from the profits, they would want to see a return on their investments.
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Tinwheeler replied on 04/02/2018 13:12
Posted on 04/02/2018 11:20 by brueIn one simple answer. PLCs are fine but the club as it stands now is a membership organisation, not for profit and ploughs it's profits back into the business. A PLC would be paying out dividends to shareholders from the profits, they would want to see a return on their investments.
ABM replied on 04/02/2018 14:43
Surfer replied on 05/02/2018 09:05
Posted on 04/02/2018 11:20 by brueIn one simple answer. PLCs are fine but the club as it stands now is a membership organisation, not for profit and ploughs it's profits back into the business. A PLC would be paying out dividends to shareholders from the profits, they would want to see a return on their investments.
Posted on 05/02/2018 09:05
Isn't it true that it is a members club controlled by the members so why are decisions being made without consulting the members i.e. name change, purchase businesses like Roger Allen etc?
If they are supposing to plough the profits back into the business why do they have such a huge surplus at the end of the financial year? This raises the question of why they find it necessary to increase the price of membership and pitches every year that they have now priced themselves out of reach for many members?
I am trying to find out to understand the way the club works as we have not used a CC site for probably 2 years.
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Wildwood replied on 06/02/2018 20:32
Posted on 06/02/2018 20:32
It would need a vote by the membership in favour. As each member is a shareholder then they would get a cut but the club would then have to make more money to pay the directors a salary and to pay a dividend to the new owners which would suggest fairly hefty price rises.
As a commercial company you would probably get a harder line taken by the club in members complaints and there is always the possibility of them selling off assets including the sites if they get a decent offer. Frankly I doubt we would stay members if that happened.
There is little doubt the minute voice you have now would be gone.
DavidKlyne replied on 06/02/2018 20:38
eurortraveller replied on 06/02/2018 22:18
Posted on 06/02/2018 22:18
Thanks,David, a useful link.
It reveals a male President, a male Chairman, four male directors and 11 out of 12 male members of the executive committee.
On this day when we are commemorating suffragettes a century ago do the upper echelons of Club seem to be rather old fashioned ?
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Surfer replied on 07/02/2018 09:16
Posted on 06/02/2018 22:18 by eurortravellerThanks,David, a useful link.
It reveals a male President, a male Chairman, four male directors and 11 out of 12 male members of the executive committee.
On this day when we are commemorating suffragettes a century ago do the upper echelons of Club seem to be rather old fashioned ?
Surfer
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