A single share will cost £1, and the minimum investment is £100 (100 shares).Shares will be sold in blocks of £100 to keep the administration manageable.

Yes. The maximum you can invest is £50,000 (50,000 shares).

We need your investment to help buy The Ship Inn. Without sufficient investment from the community, we will be unable to establish the business and ensure the pub continues at the heart of the community for the long term.

• Anyone over the age of 16 can buy shares for themselves or as a gift for someone else. Shares can be bought for and held for those under the age of 16 which will be issued to them at age 16
• A group of people known as an unincorporated association; however, one person must be nominated as the member of the society.
• A business, organisation, or other incorporated body.

Yes, a donation can be made through a company and should be able to be set off against profits though you should take your own tax advice.

No. Shares in the Society can never be worth more than their face value.

The shares can not pay a dividend under the Society rules. The shares can pay interest on an annual basis subject to there being surplus funds generated in the year and subject to approval by the management committee at the time.

No. Shares in the society cannot be sold. They are a special sort of share known as withdrawable shares and the only way you can recover their value is to apply to the society to withdraw the value of the shares you own. With the agreement of the Management Committee, they could be transferred to another family member.

All monies will be returned as soon as possible once the decision not to proceed is made and if the failure happens after we have issued any shares.

In the unlikely event that the Society fails, all the business assets including the freehold of the building and land, would be sold and the proceeds of the sale (after paying any creditors) divided between the shareholders up to the value of their shares. Your liability as a member is limited to the value of your shares. You cannot lose any more than the value of your shares. You might receive the full value of your shares back or you might lose part or all of your investment. Any remaining money (after paying any debts and shareholders) must be transferred to another organisation with a similar asset lock.

VAT is payable at the standard rate on 90% of the pub purchase price. This VAT will be reclaimed by PCBS Ltd which will become  VAT registered.

No, The Ship Inn Community Pub Ltd is not a charity.

Your shares will form part of your inheritance and can be transferred under the terms of your Will. The share offer will allow you to nominate a future beneficiary.

The business plan will be available on the society’s website here and should be read in conjunction with this document.

Everyone who invests will receive a community share certificate.

The data provided by you will be stored on an electronic database. This data will be used for The Ship Inn Community Pub Limited’s purposes and will not be disclosed to any third party other than required by any statutory duty. Members can inspect the members’ register and view members’ names and addresses (but not how much they have invested).

Please speak to any of the members of the working group or email saveportloeship@gmail.com.