SOUTHAMPTON TENANT’S UNION GUARANTEE
IMPORTANT INFORMATION ABOUT YOUR SOUTHAMPTON TENANT’S UNION MEMBERSHIP
Published 9th May 2023
The Southampton Tenants’ Union Guarantee explained
Southampton Tenants Union is registered as a limited company (Ltd.) For further reference we will use “STU Ltd.”
The members of most limited companies are the shareholders. Shareholders can lose the money they invested as shares if the company is wound up with debts. They can only lose this share money, and so have limited liability. With STU Ltd., as it has no shares, each member signs a guarantee only paid if the company is wound up with debts. This guaranteed amount represents the members' liability. The liability is limited to the amount certified in our rules (Articles of Association). STU Ltd. has set the amount of the liability at £1.00. We have no shares; thus, STU Ltd.’s membership is defined by the people who have signed the Statement Of Guarantee of £1.00.
View Our Rules (Articles and Memoranda of Association)
To view a full set of our rules please go to Companies house and use company search to find us (No: 14801496) and select Filing History, or use the link below:-
https://find-and-update.company-information.service.gov.uk/company/14801496/filing-history and
then click on "View PDF 53 pages". Scroll down past the form to the Articles of association, which is our rules/constitution.
Please Read page 40. Paragraphs 6 to 17 Members, Application for Membership and Member Commitment. Please also read the ICA Cooperative Principles below. As members you agree to support them and hold STU Ltd. to them when acting as a member.
International Cooperative Alliance Cooperative Principles
1. Voluntary and Open Membership
2. Democratic Member Control
3. Member Economic Participation
4. Autonomy and Independence
5. Education, Training, and Information
6. Cooperation among Cooperatives
7. Concern for Community
For more details click on the link below
https://www.ica.coop/en/cooperatives/cooperative-identity
Phil Tyler STU Ltd. Administration
Southampton Tenants Union Limited No. 14801496 Registered Address
October Books, 189 Portswood Rd, Southampton, SO17 2NF, GB
https://www.ica.coop/en/cooperatives/cooperative-identity
Phil Tyler, Flat 23. Kingsland Court, South Front, Southampton, SO14 1JN. Email:phil.tyler78@googlemail.com Phone: 02380634317 Mobile: 07776483466