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Farfield Mill

Share Offer

£50 minimum

Risk factors

All investment and commercial activities carry risk, and investors should consider whether Farfield Mill's 2018 share issue is a suitable investment for them in light of their own personal circumstances.

This offer is not covered by the Financial Services Compensation Scheme.


General investment risks

General risks include:

  • An investment in community shares is an investment in a trading business, not a loan or a deposit, and the rates of return are not guaranteed. This investment should be considered as medium to long term. Your shares may not be readily convertible to cash should you need to withdraw them.
  • Like many investments, community shares are at risk and you could lose some or all of the money you invest. Unlike deposits with high street banks, community shares are not covered by the Financial Services Compensation Scheme, nor is there any right of complaint to the Financial Ombudsman Service. Any dispute may be the subject of arbitration as set out in the Society Rules.
  • As a member and shareholder of Farfield Mill you could, if Farfield Mill is unable to meet its debts and other liabilities, lose some or all of your investment held in shares. However, your liability is limited to the amount that you have paid for your shares.
  • Your investment in your share account may receive interest but does not enjoy any capital growth. It is primarily to support your community rather than make a profit for investors. As a Society, the maximum return offered to investors by way of interest will always be limited.

Community Share Issue is not successful in attracting investors

The Society has set forward the following plans to mitigate these risks:

  • Consider alternative funding routes
  • Contingency plan for insolvency

Unable to recruit to the Manager post

The Society has set forward the following plans to mitigate these risks:

  • Recruit temporary manager
  • Re-assess job description/person spec.
  • Re-advertise post

Loss of key staff

The Society has set forward the following plans to mitigate these risks:

  • Ensure good employment practice and staff development
  • Implement fair and transparent remuneration
  • Have clear processes and records to capture knowledge
  • Recruit replacement staff

Conflict within the Board of Trustees

The Society has set forward the following plans to mitigate these risks:

  • Development of a culture of mutual respect, in which all views are listened to and ensure that decisions are reached collectively
  • Revision of governance manual to improve effectiveness
  • Robust and open procedures

Unable to meet financial obligations

The Society has set forward the following plans to mitigate these risks:

  • Increase visitor numbers and profitability of trading enterprises
  • Control and, where possible, reduce expenditure
  • Fundraising
  • Contingency planning for insolvency

Visitor numbers do not increase

The Society has set forward the following plans to mitigate these risks:

  • Reconsider viability of business plan
  • Cut costs, make redundancies

Failure to let studios/loss of Tenants

The Society has set forward the following plans to mitigate these risks:

  • Reconsider viability of business plan
  • Cut costs, make redundancies

Offer Closed

 As of the 30th November 2018, this offer is closed

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