Governance

Holding Company

The McSence Group of Companies is controlled by a non-trading holding company McSence Ltd which is incorporated in Scotland and is limited by Guarantee. The company is also a Scottish Registered Charity.

The company operates under Memorandum and Articles of Association that are charitable in nature, relating to the regeneration of Mayfield & Easthouses and the general public.

Membership is open to individuals connected with the community of Mayfield and Easthouses and costs £1.00 per year. Members may not be employed within the company.

The members meet once per year at the Annual General Meeting and elect a Board of Directors to take responsibility for running the Group over the next 12 months.

All Directors are non-executive and do not receive any salary, fees or expenses in connection with their appointment.

The Board meet on the fourth Tuesday of each month in the evening and also on other such occasions as are deemed to be necessary. At each Board meeting, the performance of the Company is reviewed and direction provided to the senior management team.

In addition to the regular monthly meetings, the Directors hold a strategic conference once every two years which takes place over the course of a week where a development plan for the Group over the next two years is agreed and passed to the senior management team for implementation.

McSence Ltd has no employees and operates as a holding company only for the governance of the group and as a vehicle to distribute the profits made by the operating companies.

Operating Companies.

The Group controls the operating companies listed below. With the exception of New Social Enterprise Works Ltd, all the companies have the same Board of Directors as the holding company McSence Ltd. Each company has it’s own management team responsible for day-to-day operations, and the Groups activities are overseen by a senior management team of three executives led by the Chief Executive. The senior management teams costs are split between the operating companies.

1. McSence Property Maintenance Ltd Is a company limited by share with 100% of the share capital held by McSence Ltd.

2. McSence Workspace Ltd Is a company limited by share with 100% of the share capital held by McSence Ltd. It is also a Scottish Registered Charity.

3. McSence Communication Ltd Is a company limited by Guarantee. It is also a Scottish Registered Charity.

Dormant Companies.
The Group also controls the following companies that are not currently active.

4. McSence Cybercycle Ltd Is a company limited by Guarantee. It is also a Scottish Registered Charity.

5. New Social Enterprise Works Ltd Is a company limited by Guarantee. It is also a Scottish Registered Charity.

6. McSence Heatwise Ltd Is a company limited by share with 100% of the share capital held by McSence Ltd.

7. Safe Housing Agency Ltd Is a company limited by share with 100% of the share capital held by McSence Ltd