It is hard to envisage how a limited company can be past it's sell by date.
Posters of all flavours might do well to look at "The Fund" for what it really is and not what they perceive it to be.
It is a trading company, private limited by guarantee ie it does not have shareholders but has members; we are not privy to the members lists and neither is Companies House unless the Registrar makes a flying visit to check mandatory paperwork i.e. among other things an up to date register of members.
"The Fund" is a "legal person" which can exist beyond the McCanns.
The money in "The Fund" belongs to the legal person it is.
Money from "The Fund" may be used at the discretion of the directors to provide financial support to Madeleine's family. At least that is what the directors reports and the web site say.
The directors may change the Company Objects and Articles of Association if they wish. Indeed they did so in December 2011.
It is illegal to act outside the Company Objects.
Unless a poster has handed over coin of the realm to Companies House and has copies of the current Articles of Association and Company Objects they have can no idea of the content. Also unless a poster has had the opportunity to examine the company day book equally they will be clueless where the money came from or went to as that amount of detail is not required to be filed at Companies House. So hearsay will reign no doubt.
So what can happen to it ["The Fund"]?
It can continue to trade.
It can be dissolved by the directors.
It can be put into liquidation by creditors.
It can be struck off by The Registrar.
It can become dormant ie it exists but does not trade.
My money is on the last one (eventually).
It would appear that from incorporation in May 2007 until the last made up accounts march 2013 the income was £3.87MM and expenditure £3.43MM.
The End (thankfully)
