Charlie

This is a supplementary to the question: "What legal form would suit this consortium?"

They are keen to be a limited company and will seek proper legal advice to help them draft the mem and arts, but I have brief question relating to transfer of assets.

The new company will take over the assets of an existing social enterprise company (not a charity in itself) but they also need to take on responsibility for a small charity with a shop which has a separate board. Can this charity remain independent but be supported / managed by the new company or is it possible for the charity to become part of the Ltd Company sharing a board, directors and gaining support and guidance from the new company?

Or is it possible to wind the charity down and transfer the assets to the new, non-charitable company?

I think that last suggestion might not be legally possible. The assets are neglibile and the shop makes very little money.