jomukuk wrote:
Quote:
A company limited by guarantee is an alternative type of incorporation used primarily for non-profit organisations that require corporate status. A guarantee company does not have a share capital, but has members who are guarantors instead of shareholders. The guarantors give an undertaking to contribute a nominal amount towards the winding up of the company in the event of a shortfall upon cessation of business. It cannot distribute its profits to its members, and is therefore eligible to apply for charitable status if necessary.
Gotcha on the status thingy but as all the profits are paid out to directors and employees then it is a non profit organisation by virtue of this. If there are potential profits then they are very easliy paid out in extra salaries or bonus's.
It still takes some substantial income from Safety Camera Partnerships, CPS as expert witnesses and presumably from safety camera suppliers.
Charitable status? Can't see how they'd get around this but it is all pretty irrelevant to the main issue of non impartiality and bias when the directors are presented as expert witnesses. The very fact that the company objectives state their involvement in providing expert witnesses for use to defend actions when speed cameras are involved and when any test is mounted agianst the integrity of the devices is contrary to the legal requirements of an expert witness.
In fact they are just running around in legal circles with their snouts in the trough.
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