Orchard Community Energy - OFFER CLOSED

Governance and people

Please note that this information is no longer updated and is for reference purposes only.

As a Community Benefit Society Orchard Community Energy are bound to act for the benefit of the community.

Governance

As a Community Benefit Society Orchard Community Energy are bound to act for the benefit of the community.

Target amount to be raised through the Bond Offer

This Bond Offer is being launched to help raise up to £1.2 million. The minimum investment per applicant is £500.

Total number of shares and bonds in issue

Orchard Community Energy currently has 522,500 shares in issue as well as 700,000 from their 2016 bond offer. This offer is looking to issue a further 1,200,000 bonds to supplement the previous bond offer. 

Date of the AGM

September 2016

People

Board of Directors

The Orchard Community Energy board consists of experienced professionals committed to the development of community energy projects delivering local benefits in North Kent and Medway.

Conflict of interest statement

David Bunker, one of Orchard Community Energy’s directors, is also Mongoose Energy's Financial director. He does not participate in any Board decisions on contracts associated with Mongoose Energy.

Stephanie Karpetas is providing consultancy support to Mongoose Energy for this Bond offer.

Currently, Penny Shepherd has a connection to the same consultancy group through work on two separate projects in Kent. While Stephanie undertakes her role of consultancy support, she will not participate in any Board decisions on contracts associated with Mongoose Energy.

Penny will also not participate in such decisions when the board deems this appropriate. 

The Directors are not aware of any other actual or potential conflicts of interest.

Material contracts

Directors' remuneration

Directors will serve on an unpaid basis.

Directors' holdings

All the directors intend to invest in the bonds.

Diversity

3 of 7 directors are female.

Employee satisfaction

This is an operational asset with no employees.

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