Loan Stock Scheme – Invest in Your Club’s Future
To apply for the Loan Stock Scheme, simply complete the online Application Form.
The Conwy Comrades Club is launching a Loan Stock Scheme, giving members the opportunity to support the Club while also benefiting from a fair return. This is a legal and transparent way for the Club to raise funds, in line with our registered Rules.
What is Loan Stock?
Loan Stock is money that members lend to the Club under fixed terms. It is not a shareholding and does not give any ownership or extra voting rights. In return, members receive annual interest and repayment of their loan at the end of the agreed term.
The Offer at a Glance
- Minimum investment: £50
- Maximum investment: £5,000
- Target raise: £90,000
- Term: 3 years
- Equal terms for all members
Your Interest Options
- 4.5% per year in cash, paid annually
- 6% per year in Club vouchers, redeemable at the bar and on events
How it Benefits You
- A better return than many savings accounts
- The option to enjoy vouchers for use at the Club
- The knowledge that your investment is keeping the Comrades thriving for years to come
How to Apply
- Download the Loan Stock Application Form below.
- Complete it with your details and next of kin information.
- Return it to the Club Secretary by email, post, or in person.
- Make your payment by bank transfer or cheque.
- Receive your Loan Stock Certificate and entry into the official Register.
Transparency & Safeguards
- Every subscriber receives a personalised certificate.
- A Loan Stock Register and annual statements are maintained.
- Everything is carried out in line with the Club’s Rules (Rule 30).
A Message from the Chairman
“This scheme is about more than money. It’s about protecting the future of the Conwy Comrades Club while giving members a fair return for their support. Together, we can secure the Comrades for generations to come.”
— Martin Craven, Chairman
Loan Stock Frequently Asked Questions
- What is Loan Stock?
Loan Stock is money loaned by members to the Club for a fixed 3-year term. It is not a shareholding, and it does not give extra voting rights.
- How much can I subscribe?
Minimum: £50
Maximum: £5,000
Subscriptions in multiples of £0.50
- What interest will I earn?
You choose one option at the time of subscription:
– 4.5% per annum (cash), paid annually, or
– 6% per annum (Club vouchers), redeemable at the Club.
- When will my loan be repaid?
The term is 3 years.
Repayment is at par (the amount you put in).
The Committee may allow earlier redemption in special cases, but this is not guaranteed and depends on available funds.
- Is my loan secured against the Club’s property?
No. Loan Stock is unsecured, which means you rank equally with all other members and unsecured creditors.
However:
– The Club owns its freehold at 8 Church Street, with estimated equity of £1.2 million.
– The only secured debt is a £30,000 legal charge, expected to be released in about 3 years.
– Once cleared, the Club may explore converting or reissuing Loan Stock as secured agreements (with member approval).
- What happens if the Club struggles financially?
The Committee will make every effort to protect members’ funds.
If the Club were ever dissolved, loan stock holders would be treated equally with other unsecured creditors.
By law, no one member can be favoured over another.
- Can I transfer my Loan Stock to someone else?
No. Loan Stock is not transferable. It can only be repaid by the Club to you (or to your estate in the event of death).
- Will I get a record of my holding?
Yes. Each subscriber will receive:
– A Loan Stock Certificate showing your subscription and interest option.
– An annual statement showing interest paid, balance, and any redemptions.
- What will the money be used for?
– To stabilise the Club’s financial position by making realistic proposals to creditors (and avoiding costly legal action).
– To provide working capital for a 3-month rolling Business Plan, aiming for £400,000 turnover in the first year.
– All funds are applied strictly in line with Club Rules – they cannot be distributed for private gain.
- How do I apply?
- Complete the Loan Stock Application Form.
- Choose your interest option (cash or vouchers).
- Submit the form to the Secretary.
- Pay by bank transfer or cheque.
- Receive your Loan Stock Certificate once funds clear.