13 May 2020
CAPALC is now Cambridgeshire and Peterborough Association of Local Councils Limited. On 4 May 2020 Companies House approved our incorporation as a company limited by guarantee, company number 12585308.
This means that CAPALC has a proper legal status that enables it to employ staff and enter into contracts. The former board members have become the directors of the new company and will be free to make decisions in the best interests of the company and its shareholders, without having to worry about personal liability.
Once our 2019-2020 accounts are finalised the old CAPALC will be wound up and all its interests transferred to CAPALC Ltd. This is likely to happen in the next month.
In practice this will make little difference to our operation and to our members. The main change for our members is that any theoretical liability is now capped at £1 which will be reserved from the membership subscription.
I would like to thank all our members for their support and look forward to providing new and better services.