Workplace Giving UK has become the latest company in the beleaguered Fundraising Initiatives Group to cease operations.
The payroll giving company made all 25 staff redundant on 4th December, paying them up until the end of November, and has since been placed into liquidation by David Rubin & Partners.
The management team had previously tried to sell the company, listing it with Lambert Smith Hampton.
Workplace Giving UK managing director Peter O’Hara, who founded the company in 2004, attributed its collapse to financial issues within the group that had placed debts upon the business.
Speaking to UK Fundraising, O’Hara said:
“I’d like to thank my team who have been incredibly strong and carried on until the end to make sure everything was tied up. I’d also like to thank all the charities and employers we’ve worked with over the past 11 years, and to assure people that their donations will continue to reach their destination.”
Workplace Giving UK is the sixth company in the Fundraising Initiatives Group to close its doors this year. Telephone agencies GoGen and R Fundraising both went into administration in July, while August saw face-to-face fundraising agency Future Fundraising in the same boat, before being bought out by Person to Person Direct. Last month however saw both Person to Person Direct and another face-to-face fundraising agency Fundraising Initiatives placed into administration.
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from UK Fundraising http://ift.tt/1QEr3x7
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