As of 31 March 2018, there are 14,254 CIC’s registered in the UK and we all understand that there comes a time in which the directors may feel it is no longer necessary or financially possible to keep the CIC open and trading.
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Key things investors look for are that the social enterprise has a track record of surpluses, has confirmed future income streams and revenues, has a solid business plan.
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The Government have just announced a review of Business Rates. We know from talking to many of our CIC clients that business rates are a significant issue for many CICs.
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