Yes “Nominet UK” with no Limited on the end has a special company status:
Company type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
See:
https://find-and-update.company-information.service.gov.uk/company/03203859
That means it has no shareholders only members. Each member who joins the company is effectively a shareholder or owner of the company. The liability of the members is limited to £10 see clauses 7-8 of the
memorandum of association.
Membership fees
To join the company it costs £400 + VAT (joining fee)
Annual subscription fee £100 + VAT
Note: on joining you need to pay both.
The membership year runs from 1st August to 31st July. If you join after 1st February, your first year’s subscription charge will be reduced to £50 (plus VAT).
Every year on 1st August you pay £100 + VAT to stay as a member.
Those costs should be in a by-law of the
company articles. However at the moment there isn’t one in place and only a
draft subscription fee by-law (hence the
court case you may have heard about).
Members of the company vote using
weighted voting rights.
Which you need a degree in mathematics to understand but put simply the more domains you have the bigger your vote will be (capped at 3% of votes cast).
Members vote to:
- Elect four non-executive directors
- Approve four appointed directors
- Elect the UKRAC councillors
- Approve the accounts & auditors
- Approved AGM resolutions at (75% - 90%)
Members also get most importantly:
- A discount on registrations from £80 for 2 years down to £3.90 per year.
- A Christmas party and member lunch (if you’re lucky)
See:
current pricing.
These are the main reason(s) people become a member. However some people (around 10%) are generally interested in corporate governance.
Oh and all those universities as members… in the early days Dr Willie Black was from a university background and asked them all to join (giving Nominet credibility). You may well find members with no domains only the equal vote share.
Nominet registrars (tag holder)
A registrar is effectively an account on Nominet’s EPP platform with a tag (effectively a username):
https://registrars.nominet.uk/uk-namespace/registrar-agreement/list-of-registrars/
There are far more tags than members (at the moment you can have 3-4 tags).
There are three tag types:
- Accredited Channel Partner
- Channel Partner
- Self-Managed
See:
https://registrars.nominet.uk/uk-namespace/registrar-agreement/selecting-tag-type/
Depending which one of those you pick means you will have different compliance level commitments to put on your website (hence the
amusing page by Alex Bligh).
Every registrar is subject to the registrar agreement here:
https://registrars.nominet.uk/uk-namespace/registrar-agreement/
You can actually become a registrar without being a member:
https://registrars.nominet.uk/uk-namespace/managing-account/application-process/
However you will be paying £80 for 2 years.
Therefore it is better to become a member first and get the £3.90 + VAT discount.
Why do non-members pay £80 ? Well that goes back to before Nominet was founded when the .uk naming committee used to charge that much for two years.