Company Structure and Ownership
Space Humber is the trading name of Space Humber Ltd, a private limited company incorporated in the United Kingdom and Northern Ireland. The company is limited by shares, with voting rights belonging exclusively to Flow Collingwood and Jamie Del Grosso as the principal shareholders.
Corporate Structure
- Company Type: Private Limited Company
- Registration: Registered in the UK and Northern Ireland
- Registered Office: C4Di, Dock Street, Hull, HU1 1UU, United Kingdom
- Company Registration Number: [Your Company Registration Number]
Ownership and Control
Voting rights and decision-making authority within Space Humber Ltd rest with:
- Flow Collingwood
- Jamie Del Grosso
As shareholders, they hold ultimate responsibility for company governance, strategic direction, and financial oversight.
Governance Framework
Board Responsibilities
The board of directors of Space Humber Ltd is responsible for:
- Setting the company's strategic aims, values, and standards
- Ensuring the necessary financial and human resources are in place to meet objectives
- Reviewing management performance
- Ensuring statutory obligations are met
- Overseeing risk management
- Maintaining robust corporate governance practices
Decision-Making Process
Strategic and operational decisions are made through:
- Regular board meetings with formal minutes
- Clear delegation of authority to appropriate levels of management
- Documented approval processes for significant financial commitments
- Consultation with relevant stakeholders where appropriate
Financial Governance
Space Humber Ltd maintains strict financial controls including:
- Annual budgeting and regular financial review processes
- Clear authorisation levels for expenditure
- Regular financial reporting and audit procedures
- Compliance with tax and accounting regulations
- Transparent financial record-keeping
Ethical Standards and Impartiality
Service Signposting and Recommendations
Space Humber Ltd adheres to strict ethical guidelines regarding service signposting:
- Impartiality Commitment: We provide signposting to services based solely on their relevance and potential value to our clients and the space sector community.
- No Payment for Recommendations: We do not and will not accept payment or other incentives to recommend any service, provider, or organisation.
- Disclosure of Relationships: We transparently disclose any existing relationships with service providers we recommend.
- Due Diligence: We conduct reasonable due diligence on services before signposting, but we do not guarantee their quality or outcomes.
- Client-Centred Approach: Our recommendations are guided by the specific needs of the client rather than any benefit to Space Humber Ltd.
- Multiple Options: Where possible, we provide multiple options to enable clients to make informed choices.
Conflicts of Interest
- All directors and staff must declare any potential conflicts of interest.
- Directors must recuse themselves from decisions where conflicts exist.
- A conflicts of interest register is maintained and regularly reviewed.
- Procedures are in place to manage conflicts when they arise.
Policy Implementation and Compliance
Responsibility
The directors of Space Humber Ltd are responsible for implementing and upholding this governance policy.
Review Process
This policy will be reviewed annually, or more frequently if required, to ensure it remains relevant and effective.
Compliance Monitoring
Compliance with this policy is monitored through:
- Regular board review
- External audit processes
- Stakeholder feedback mechanisms
- Regular policy awareness sessions for all staff and associates
Reporting Concerns
Concerns about policy compliance can be reported confidentially to:
External Partnerships and Relationships
Partner Selection
Partners are selected based on:
- Alignment with Space Humber's values and objectives
- Capability and track record
- Ethical business practices
- Potential value to the space sector in the Humber region
Contractual Governance
All external partnerships and service arrangements are governed by:
- Formal written agreements
- Clear performance expectations
- Regular review mechanisms
- Dispute resolution procedures
Public Sector Relationships
In our relationships with public sector bodies, we commit to:
- Transparency in all communications and transactions
- Adherence to public procurement principles where applicable
- Recognition of public accountability requirements
- Appropriate stewardship of any public funds received
Data Governance
Space Humber Ltd maintains robust data governance standards including:
- Compliance with UK data protection legislation
- Secure data storage and management systems
- Clear data retention and deletion policies
- Respect for confidentiality in all client relationships
- Regular data protection training for all staff
Document Management
Policy Ownership
This Governance Policy is owned by the board of directors of Space Humber Ltd.
Version Control
- Version: 1.0
- Approved by: Jamie Del Grosso, Flow Collingwood
- Date approved: 22/04/2025
- Date of next review: 22/01/2026
Contact Information
For any queries regarding this Governance Policy, please contact:
Space Humber Ltd
C4Di, Dock Street
Hull, HU1 1UU
United Kingdom
Email: jamie@spacehumber.com
