Is this the beginning of the CIO take over?

It has been possible for Charitable Incorporated Organisation's (CIO's) to be formed for some time now. But up until recently this entity type was only used for newly registered charities, or unincorporated charities wanting to switch to an incorporated status. From 1 January 2018 this has changed and charitable companies are now, for the first time, able to convert to a CIO.

We are told that this conversion is a relatively straight forward process for most charities. The Charity Commission will be liaising with Companies House when applications are made so that the date of conversion to a CIO matches the date the company has been removed from Companies House.

By converting your charitable company to a CIO you are able to dispense with the extra Companies House administrative burdens you have previously been subject to.

For more information about the advantages and disadvantages of a CIO, please visit our CIO page at http://www.plummer-parsons.co.uk/not-profit/charities/charitable-incorporated-organisations-cios.

If you would like further information on CIO's please contact Ali Towler, a member of our charity team, on 01323 431200.