Abstract :
JMU Services Limited, (formerly Liverpool Polytechnic Services Limited) is a wholly-owned subsidiary company of the University, set up in March 1990 to ensure that the University´s commercial activities do not endanger Liverpool John Moores University´s charitable status or incur a tax liability. The Company administers all commercial contracts carried out by the University and its staff. 5% of the total income is retained by the Company to cover administrative expenses and insurance. The Company is fully self-financing and receives no allocation from the University´s core funds. Profits on contracts, after direct costs have been paid, are returned to the Schools and the University. The main business activities of JMU Services Ltd are outlined including technology transfer and joint ventures
