If you would like to work with us, you may find the following information useful:
Who can become a shareholding practice?
All Leicester, Leicestershire and Rutland (LLR) Practices, holding a unique GMS contract.
How much do shares cost?
The purchase price is £1.00 per share
How many shares can I purchase?
Shares are available in accordance with the size of your patient list when you apply. Refer to the chart below to see how many shares you can purchase
Is there a maximum number of shares I can have?
Yes, you can only hold a maximum of 5 shares, assuming that at the time of application your patient list meets the criteria set out in the chart below.
Patient List Size | Number of Shares Available | Number of Votes |
Up to 7,000 patients | 1 | 1 |
7,001 to 14,000 | 2 | 2 |
14,001 to 21,000 | 3 | 3 |
21,001 to 28,000 | 4 | 4 |
28,001 and above | 5 | 5 |
Can more than one practice group together?
Yes you can. You are free to decide who holds the shares and how they are distributed. However this still remains subject to the chart above.
Example: A Group may have 5 practices. The maximum entitlement for a group is 5 shares. The shares may be distributed 1 per practice or all 5 shares under one practice (or any other combination) but the practice must still meet the patient list criteria set out above.
How To Apply
To apply to become a shareholding practice, please email info.llrpcl@nhs.net or complete the Work with us form on the homepage of this website.
The Application
We will then send you a copy of the Company Articles of Association and a link to the detailed application form.
In order to complete the application form correctly, you will need to supply us with some detailed information about your practice. Examples of the kind of information we will ask you are:
*LLR PCL defines a Group of Practices as follows: two or more practices that work effectively as a consortium, have a joint relationship or work together in any combined way that means they are or could be classed as being under one influence or control. LLR PCL reserves the right to make this judgement when assessing your application.
The Process
Once your application has been reviewed and meets with our qualifying criteria, it will be passed to the LLR PCL Company Directors who hold the authority to allocate and implement the offering of shares to new applicants.
The allocation is then ratified at the next Annual General Meeting or Extraordinary General Meeting. Your practice or group will then be issued with a share certificate.
How are profits and dividends paid?
This element of our company lies at the very core of what LLR PCL does and stands for. LLR PCL Community Interest Company is a Not For Profit company established to deliver services to the community in line with the company’s objectives, mission and vision. Shareholding practices within the company are members of the Community Interest Company and support the Board of Directors to ensure those objectives are met.
The primary focus of the company is to deliver and enhance community based services. Therefore all profits the company makes will be reinvested to ensure the continuance of the company, in such ways as to meet the company’s objectives. As such, it is the intention that, at no time, will a share dividend be authorised or issued.
If you would like to work with us or if you would simply like more information about what we do, please do not hesitate to get in touch using the Contact Form on this website.
