BA CC industrial relations (current airline staff only)

[Rover90]

BASSA Limited

From another forum looks like "BASSA Limited" is a newly found company that is accountable for membership funds.

A company limited by guarantee is a company in which the liability of the members or subscribers of the company is limited to what they have invested or guaranteed to the company. It must include the suffix "Limited" in its name. The guarantors give an undertaking to contribute a nominal amount (typically very small) in the event of the winding up of the company.

In practice, this can be used as a device for protecting assets if there were to be a claim made against an organisation.

If the organisation consisted of two "limited" companies, one that dealt with the operations "Operations Ltd" and one that owned all the assets "Assets Ltd". If we had cause to claim against the "Operations Ltd" with whom we had a contract and were successful in getting judgement, it would be possible that we would find that they actually owned very little and your claim would be worthless.

We could not look to "Assets Ltd" for payment as we did not have a contract with them.

How this does or does not relate to the formation of "BASSA Limited" I will leave up to you to draw your own conclusions.