A co-operative or community benefit society operates much like a traditional limited company except that the voting rights are distributed equally amongst the members, regardless of the number of shares held. Assel Valley has a minimum share holding of 250 and a maximum of 30,000. Hence a stake in the co-op is within easy reach of almost everyone but no single individual or organisation can have a controlling interest.
Assel Valley is a community benefit society owned by its Members for the benefit of the community. Members are protected by limited liability status. Its constitution is in the form of Rules approved by and registered with the Financial Conduct Authority.
Co-operative Values & Principles:
Self help and self-responsibility
Democracy and equality
Honesty and openness
Autonomy and independence
Member economic participation
Opportunities for education
Concern for community
Co-operation among co-operatives