Neither shareholders or board members take a financial dividend from the company’s activities.
We are a social enterprise owned by shareholders in the community. They do not profit individually from this investment but have agreed that any surpluses should be re-invested in the company to maintain the high standards we offer and in projects to promote prosperity in the area.
Our efforts are geared to meet the needs of businesses to which we deliver our services.
When the company was founded the following core objects were drawn up to support the work of Antur Teifi in the community:
- To foster and encourage the establishment of businesses and organisations
- To share information and give advice to businesses and enterprises
- To commission research surveys and studies
- To work with or become members of societies or organisations who support our aims
Antur Teifi is registered under Industrial and Provident Societies Act 1965 (I&PS) which are governed by the FSA. A set of rules have been established to ensure delivery of the organisation’s activities are in line with IPS regulations. Any changes to rules and governance of the organisation need to be approved by shareholders at either the AGM or an EGM.
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