As some may recall, I recently shared a feature, published by Pioneers Post, that openly asks if CICs have had their day in light of significant numbers of them suddenly starting to be wound up - and framed it alongside all of the posts I've been writing, and research I've been sharing for the last 15 years which has also been similarly querying the relevance of this legal status for social enterprise, ever since it was first introduced after being dreamt up by a solicitor in a wine bar (true story!).
In response to the post, a few people asked the question (and rightly so) - "but how does this sudden 'cliff edge' that CICs seem to be falling over the edge of compare to other legal forms: just looking at the data for one legal form alone can't really help us understand the full picture."So, as I've done before, I've gone off and scraped what data I can from the websites of the respective regulators (CIC Regulator, Companies House, Charity Commission, and FCA for co-operatives) to see what further light a comparing their numbers against each others might shed.*
And there's 3 charts to show you from what I was able to find during my 'lunch break' yesterday:
*As always when I do things like this - please remember that I'm not salaried , and no-ones' commissioned or paid me to do this research: I've done quick sweep of what's relatively easy for anyone to find on-line, and then dumped it all into a simple spreadsheet to create some charts. If anyone out there would like to take this further and build on it, I'd be very happy to share all my workings out and source references with you - just as when I looked at the financial sustainability of social enterprises based on their legal form (TL:DR = another story of CICs not coming out that well...).