Monday, 6 February 2012

Highland Titles Not For Profit ... Really!

On the Lochaber Highland Estates, Highland Titles "we are green" page ( on 15/01/2012 it said:
We are proud to be a not-for-profit organisation, and the company pays no dividends or annual bonuses to any investors/owners. Instead, any profit that the company makes is used for three main purposes; tree planting, land maintenance and improvement, and land acquisition.

If they are a not for profit organisation they are not now or ever have been registered as such either in the UK mainland or in the Channel Islands. Registration of not for profit companies is a requirement in both places.

It is quite normal for this size of company not to pay dividends or annual bonuses there is nothing unusual in that. That would not indicate however any restraint in payment of wages! If all profits were used for wages there would not be anything left over would there? Nor would it make the "pays no dividends or annual bonuses" statement untrue.

Do they give any indication of how much money has been used for the three main stated purposes? That would be no!

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