GP CBS aims to use the proceeds of unsecured loan stock issues to buy properties (existing or new-builds) to house the homeless. GP CBS may also lend funds to special purpose subsidiary companies for property development purposes. GP CBS aims to hold approximately 10% of capital raised from loan stock in liquid assets in the form of cash deposits or secured loans to third parties repayable within six months or otherwise available by way of overdraft facility. The purpose of liquidity is to provide flexibility in cash management, in particular to enable the company to move quickly as opportunities arise, and to meet loan stock repayments when due. GP CBS may also use funds to invest in income-generating commercial properties, arm’s length residential properties or equity investments to generate income.Such income sustains expansion activities and builds our capital base, necessary as the balance sheet grows. Property investments also have an insurance element in that they can be sold without disrupting GP CBS’s core business.
Community Benefit Societies are incorporated Industrial andProvident Societies (IPS) that conduct business for the benefit of their community. Profits are not distributed among members, or external shareholders, but returned to the community. The purpose of a community benefit society is to serve the broader interests of the community, in contrast to co-operative societies that serve the interests of members. The FCA states that “the conduct of a community benefit society’s business must be entirely for the benefit of the community.” There can be no alternative or secondary purposes, including any that may preferentially benefit the members.
Loans Received (£) - last 12 months
Number of Investors - last 12 months