Membership

Longden Community Business is working to own and manage our local shop Longden Village Store and our café bar The Tankerville. We are run by the community for the community. The success of the shop and pub relies on support from people like you, who visit, live or work in Longden. Money raised from new memberships is invested in the running and ongoing improvements to the shop and pub.

The more people who become involved, the more chance the business has of thriving, so join today by completing the membership application form below.

Alternatively you can download a PDF (below) that can be printed out and completed offline.

10 Important Points You Must Consider Before Investing

When considering buying shares in Longden Community Business Limited (LCBL) it is important to realise that this is not a conventional financial investment. It is an investment in our community – creating a unique asset for us all, and helping to make Longden a more vibrant, thriving and sustainable village. The main financial points are summarized below and the full details are set out in the Rules of the Society, copies of which can be obtained from any of the management committee or viewed by following the links on the Longden Village Stores website.

1. The minimum shareholding is 10 shares. Each share has a value of £1 and the statutory maximum share holding any one individual can hold is £20,000.Shares must be paid for in full on application.
2.  There will be no annual membership fee to pay.
3. Shares are not transferable (except on death or bankruptcy). You cannot sell these shares except to LCBL itself for the original value of £1 per share.
4. The value of shares cannot increase beyond there nominal value of £1. The value may be reduced if the liabilities exceed assets. In other words, there is not enough money to cover the full amount of monies invested.
5. The liability is restricted to the value of your shares. In the unlikely event that the business should fail, you will have no further liability.
6. The only way to recover the sum initially invested (or any reduced value) is to give notice of withdrawal. This cannot happen for the first three years after trading begins. In line with the society’s rules and after three years, the specific conditions for withdrawal include:
   • Three months’ notice given
   • The total repayable in any year is limited to a maximum of total of 10% of the net assets of the society
   • Withdrawals must be funded from trading surpluses or new share capital, and are at the discretion of the management committee (full details are outlined in section 8 of the Rules of the Society).
7. Currently there are no specific rights or plans to pay interest on these shares. It is our intention to offer benefits to members using The Tankerville. These will be published on the website, are at the discretion of the management committee. They are therefore subject to change and cancelation and will depend on the commercial position of the business.
8. All monies invested in the share offer will be used to purchase the businesses trading in The Tankerville and not the premises themselves. These businesses are the shop and the bar and café and are registered as Tankerville Trading. Any surpluses will be used to improve the businesses.
9. The LCBL will apply for eligibility under the Seed Enterprise Investment Scheme (SEIS). Should this be approved investors will be able to claim 50% of their investment from the HMRC.
10. Longden Community Business Limited share offer is exempt from the Financial Services and Markets Act 2000 or subsidiary regulations. This means that you have no right of complaint to an ombudsman. A Registered Society is registered with, but not authorised by, the Financial Conduct Authority and therefore the money you pay for your shares in not safeguarded by any depositor protection scheme. As the whole of your investment could carry risk, please consider it in the context of the complete share offer document and if necessary, seek independent advice.

Online Application Form

Please use this form to apply to become a member and buy shares in Longden Community Business Limited (LCBL). Your purchase will only been complete once payment has been received and approved by LCBL. When your form has been received we will contact you to complete the process.

We can accept payments by cash, cheque or bank transfer; view PDF below for details.

Only one person can apply per form

Please complete all sections.

Paper Applications

Click button below to view a PDF version of this form. You can then save a copy to your device and print out.