Not-for-profit appears to own Reform UK despite Farage’s ‘democratisation’ pledge

It is understood that this is the permanent new structure of Reform and that Nigel Farage and Zia Yusuf are guarantors for the company. Photograph: Dan Kitwood/Getty Images

Nigel Farage has declared he has handed over Reform UK to its 200,000 members, but the party now appears to be owned by a not-for-profit company controlled by its leader and chair.

Farage announced last year that he would “democratise” the party after receiving criticism for it being a private company majority controlled by the leader, not a members’ association like other parties.