Mustard Seed Property is raising funds for the refurbishment of its second property (recently purchased) and for the purchase and development of a third property. The second property will be leased to its operational partner, Karrek Community CIC, to enable adults with learning disabilities to receive accommodation, support and care and increase their participation in the local community.
Business founded
CBS registered in 2007
Headquarters
Launceston, Cornwall
What they do
Mustard Seed Property Limited purchases and leases properties to social enterprises who provide support to the most vulnerable adults in society. The organisation currently has two properties and three partners and is raising money to acquire and develop more properties. Read more
Financial performance
MSP was established in 2007. Since then the Society has consistently paid a return to members every year and honoured each and every request for withdrawal of funds by investors.
First interest payment
January 2022
Accrues from 01/10/2020
Forecast return
3.5% rising to 4.5% interest p/a
Social performance
Refurbishment of second property for lease to Karrek Community CIC to support an estimated six people each year with learning disabilities. Acquisition of a third property to be let to new partner supporting up to ten people each year recovering from addiction.
Key social performance indicator
40+
vulnerable adults housed and supported since 2007
Governance and people
Mike Lowe
Director and Chair
Liz James
Director
Paul Ashton
Director
Daniel Brewer
Director
Who benefits
MSP serves vulnerable adults who are at risk of homelessness by leasing property to highly respected organisations that deliver the services direct to the individual tenants. Since 2007, over 40 vulnerable adults have been helped in this way, who would otherwise be in homelessness hostels, or other unsuitable housing, or even in some cases, rough sleeping.
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