The United Kingdom Darts Association Ltd (UKDA) is a not for profit company.
The company is Limited by Shares instead of the previous standard Limited by Guarantee.
Limited by Guarantee means an initial guarantee of £1 is made by the Directors; this is the extent of any guarantee. The profits of the company are distributed back into the company. The Directors make all decisions and do not need to provide any information or voting to anyone outside of themselves unless they choose to do so.
Limited by Shares is similar to Guarantee but the guarantee is provided through shares. With every share comes a vote and the right to information. The Directors still run the company but will keep the shareholders up to date. At the AGM the shareholders will be invited to attend, receive updates and vote if needed.
The UKDA is offering all counties and the respective nations the opportunity to purchase 100 shares for £100. This is a one-off fee.
The UKDA plans to provide quarterly management accounts to the shareholders to keep them up to date with the company finances.