The asset lock explained: what it protects and what it doesn't
A plain-English explanation of asset lock mechanics, including the residual asset clause and permitted distributions.
Crescent Covenant CIC

Knowledge centre
A dedicated resource centre for community interest companies, covering asset lock mechanics, CIC Regulator expectations, dividend and interest caps, and the practicalities of converting a CIC into a charity or vice versa.
Library
A plain-English explanation of asset lock mechanics, including the residual asset clause and permitted distributions.
Crescent Covenant CIC
A concise update on the current caps applying to CIC shares and performance-related interest on CIC debt.
Crescent Covenant CIC
The steps, timescales and asset transfer considerations involved in moving from CIC to charitable status.
Crescent Covenant CIC
Drawing on Regulator decisions and our own filing experience to explain what passes the community interest test.
Crescent Covenant CIC
Downloads
Browse
Next step
Published guidance takes you a long way. A consultation call tells you which parts actually apply to you.