On 14 June 2017, the assets and liabilities of The Torquay Chamber of Commerce were transferred to the Company, which amounted to £1,528.
The income and property of the Company shall be applied solely towards the promotion of it's objects as set out in the Articles of Association, and no portion shall therefore be paid or transferred, directly or indirectly, by way of dividend, bonus or otherwise way of profit, to members of the Company, and no Executive Committee member shall be appointed to any office of the Company paid by salary or fees or receive any remuneration or other benefits in money, or money's worth from the Company.