The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, or within one year after they cease to be a member, they will contribute to the assets of the company by such amount as may be required for:
- payments of debts and liabilitites of the company contracted before they cease to be a member;
- payments of costs, charges and expenses of winding up, and;
- adjustments of the rights of the contributors amoung themselves, not exceeding £1.