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Stretford Bridge Club
 
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NEXT COMMITTEE MEETING
    
♠      WEDNESDAY 11TH OCTOBER 2017     ♣ 

 

 
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12th Oct 2017 09:44 BST
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HOSTS REQUIRED

COULD WE PLEASE ASK MEMBERS TO TRY AND SUPPORT OUR 'HOSTING' SYSTEM AND ADD YOUR NAME TO THE LIST.  IT IS SO IMPORTANT FOR MEMBERS TO KNOW THEY CAN ATTEND WITHOUT A PARTNER.  IF WE ALL TAKE A TURN IT MAY ONLY AMOUNT TO ABOUT 4 TIMES A YEAR!!

THANK YOU FOR YOUR SUPPORT.

 
Committee news

trial page

23rd NOVEMBER 2016

    The Committee now comprises:

Ken McCarthy                         Chairman

Linda Williams                        Secretary

Irene Cooke                            Treasurer

Members                                 Sylvia Rigby, Shelagh Reynolds, Bernice Hadfield, 

                                                 Ken McCarthy, David Tilley, Tony Yates.

David Tilley was appointed EBU/Computer Liaison.

Ethics sub-committee       Tony Yates, Ken McCarthy, Linda Williams

It is the hope of the Committee to re-open Tuesday Night as soon as possible.  News of this to follow.

A date is to be set for our annual Chairman's Charity.  To be advised.

Xmas Party - Vera will direct, Linda will host.  Please put your name on the list, we hope it will be a fun afternoon/early evening.

The following dates were agreed:

Winskill Trophy               22.1.17.

President's Trophy          14.2.17.

Marie Kane Trophy         19.3.17.

Make sure to put these in your diary.

Please see the notice board for details of the Gazette Cup and the request for nominations for 2 new Directors of S.B.C. Limited

Last updated : 10th Apr 2017 13:39 BST
Ltd COMPANY

 

STRETFORD BRIDGE CLUB

Update:  Current Status  SBC LTD. – SBC Club.

On the 13th July 2015 4 Directors of SBC  Ltd.  Brian Rigby, Peter Jackson, Fred Ashcroft and Gordon Hadfield had a meeting with Miss Mellor, a partner in Slater Heelis & Co, Solicitors, to discuss the current situation and to go further in order that club members legally own SBC Ltd.  The founder shareholders seem to have been poorly advised in setting up SBC Ltd.

Where we are:

  1. The Club have no legal right to ‘own’ the shares recovered from deceased shareholders or repurchased by the club.  The club members therefore currently have no official say into how LTD is managed.  Only legal entities and named persons can own shares.  The club is not a legal entity.
  2. LTD has only one shareholder.  Brian Rigby who was awarded 10 shares when he became a director of the company.  The other 4 ‘Directors’, Sylvia Rigby, Peter Jackson, Gordon Hadfield and Fred Ashcroft currently have no shares and, under the Articles of Association of LTD cannot therefore currently act as a Director.
  3. LTD has been described as a dormant company with no income or expenses and currently does not have a bank account – a legal requirement.
  4. LTD own the building and land.  The cash reserves of the Club are owned by the current club members.
  5. Only the shareholders of LTD can change the Articles of Association of LTD with a 75% majority of shareholder votes.

The proposed way forward:

  1. 10 shares will be offered to current ‘Directors’ by the shareholder (Brian) as soon as practical to ensure LTD can continue to exist. On taking these up the individuals named above will become official Directors of LTD.
  2. A bank account in the name of LTD will be opened
  3. With guidance from Slater Heelis a sub-committee of the Club Committee will be set up to form the articles of a new Ltd (newco) company, limited by guarantee.  i.e. There will be no shareholders but membership of the club means that you have part ownership of the club.  This ceases when you are no longer a member. 
  4. Once the constitution is approved, by a vote at an Extraordinary General Meeting of the club the newco will be registered and current club assets be transferred into newco.  Newco will then run the club similarly to current club practice but with the legal ownership of the vast majority of shares in LTD.
  5. The Directors of LTD will then carry out their duties in line with the members wishes as expressed through the Committee (then Directors of Newco) or its members through resolutions passed at the AGM.
  6. The resolution re election of Directors passed at last years AGM will not now be included on the Agenda of the AGM planned for Saturday 24th Oct 2015  Rather another resolution confirming the establishment of Newco will be put to the meeting and an EGM to consider Newco Constitution arranged as soon as practical.  Election of officials and Committee Members will take place as usual at the AGM and nomination invitation listed on the notice board.
  7. Membership subscriptions paid for year 2015/16 in November 2015 will be regarded as subscriptions to Newco should the company be established during that year.
  8. Legal costs to establish the Newco are estimated to be about £2000.  Necessary amendments to LTD Articles of Association after Newco is established in the region of £1250.

 

Should individual club members have any questions about why the above actions are necessary, wish to contribute suggestions to include in the constitution of Newco, or indeed raise other issues then please feel free to speak with either Peter or Brian who will be happy to explain or comment on the proposals.

PJJ 14 July 2015.

Last updated : 15th Jul 2015 11:17 BST
Committee News

  Committee Meeting 8th April

Peter Clough resigned as Chairman.

Ken McCarthy has kindly taken over the position of Chairman.

The Committee are to consider purchasing new crockery.

A Chairman's Charity is to be held on Sunday 11th June.

Further info. to follow

Visitors will be charged £4.00 per visit.

Next Committee Meeting 6th May 10.00 a.m.

 

 

 

Last updated : 10th Apr 2017 13:45 BST
COMMITTEE MEMBERS

CLUB OFFICIALS


CHAIRMAN        Ken McCarthy
SECRETARY     Linda Williams
TREASURER     I. COOKE

COMMITTEE


S. REYNOLDS
B. HADFIELD
D. TILLEY
A. YATES

K. McCARTHY

Bernice Hadfield

S. RIGBY


 

 

Last updated : 10th Apr 2017 13:47 BST