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<blockquote data-quote="Humble Village Farmer" data-source="post: 7617347" data-attributes="member: 142541"><p>From the red tractor website:</p><p></p><p>As a non-for-profit company we have six company guarantors: NFU, Dairy UK, Ulster Farmers' Union, AHDB, BRC and NFU Scotland. The Food and Drink Federation (FDF) also act as an observer.</p><p></p><p>So what's a company guarantor? I'll look it up.</p><p></p><p>Limited company guarantors, also known as ‘members’, can be individuals or corporate bodies. Whether they become members during or after incorporation, a guarantor of a limited company is essentially an owner of the organisation. They have ultimate control of the company, they delegate powers to the company directors, and they commit to pay a fixed sum of money (a guarantee) to the company if it can’t meet its financial obligations. This financial ‘guarantee’ establishes the guarantor’s limited liability to the company.</p><p></p><p>So there you have it. The non farmers union are a bunch of liars. On the one hand they say they don't own, on the red tractor website, they are named as company guarantors which means they are owners.</p><p></p><p>Completely independent my arse.</p></blockquote><p></p>
[QUOTE="Humble Village Farmer, post: 7617347, member: 142541"] From the red tractor website: As a non-for-profit company we have six company guarantors: NFU, Dairy UK, Ulster Farmers' Union, AHDB, BRC and NFU Scotland. The Food and Drink Federation (FDF) also act as an observer. So what's a company guarantor? I'll look it up. Limited company guarantors, also known as ‘members’, can be individuals or corporate bodies. Whether they become members during or after incorporation, a guarantor of a limited company is essentially an owner of the organisation. They have ultimate control of the company, they delegate powers to the company directors, and they commit to pay a fixed sum of money (a guarantee) to the company if it can’t meet its financial obligations. This financial ‘guarantee’ establishes the guarantor’s limited liability to the company. So there you have it. The non farmers union are a bunch of liars. On the one hand they say they don't own, on the red tractor website, they are named as company guarantors which means they are owners. Completely independent my arse. [/QUOTE]
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