Stephen Probert 
WSR Incorporation
On 5th March 2021 Welsh Sea Rowing incorporated as a Private Limited Company by guarantee without share capital use of ‘Limited’ exemption.
What does this mean?
A company limited by guarantee is much like an ordinary private company limited by shares. It is registered at Companies House, must register its accounts and an annual return each year, and has directors. A major difference is that it does not have a share capital or any shareholders, but members who control it. These members are those WSR officers who are elected at the AGM by the membership.
A current list of officers can be seen on the Companies House website using this link.
https://find-and-update.company-information.service.gov.uk/company/13246743/officers
The company number for Welsh Sea Rowing Ltd is 13246743
New Bank Account
Due to the formation of a new entity for WSR there is a new Barclays bank account:
Account Name: Welsh Sea Rowing
Sort Code: 20-18-17
Account Number: 83656071
Please use the name of your club as the Reference.
Please use these details when making any payments into the WSR Bank Account!
One Comment
With the main governing body now a limited company, What is the expectation for the affiliated clubs with respect to becoming limited entities. My understanding of becoming limited by guarantee is to limit exposure of claim to any one individual of the said club?