Call centre in liquidation after clampdown on charities

Mon, 21 Mar 2016 | ADMINISTRATION

A call centre in Norwich has gone into liquidation following a clamp down on charities in the wake of the much-publicised death of Olive Cooke in Bristol last year.

Insight CCI managing director Melvyn Hill has stated that the closure of the call centre, which primarily worked on behalf of charities, has come about because of increased regulatory pressure upon charitable organisations.

Mr Hill also said negative press surrounding the death of 92-year-old poppy seller Olive Cooke, who received over 3,000 mailings from charities in the space of one year and took her life in May 2015, has meant that many charities withdrew their business from Insight CCI.

The company struggled to survive with debts eventually amounting to more than £700,000, before giving staff a few days’ notice of the closure in February. Many of the 150 workers are still awaiting their final wages.

Mr Hill added: “We thought we could ride this storm but we couldn't’t. The negative publicity turned on us, the sector and also charities themselves.

“Our objective has been to raise money for good causes but we were finding the charities were afraid to make decisions and afraid to use people like us.”

Insight CCI, which had previously worked with some of Britain’s biggest charities including Macmillan Cancer Support and Diabetes UK, is the latest in a list of call centres to go under.

Andrew Kensall, insolvency partner at Larking Gowen, said: “The market for charity conditions continued to deteriorate, and by early February 2016 the directors spoke to me again about how the CVA wasn’t going to work. The only real solution was a liquidation.”

The company has assets of around £146,000.

Find out more information about contacting the liquidators of Insight CCI, or see more call centres in liquidation.


Share this article



Latest Businesses for Sale

BMW After Market Specialist
UK Wide

A rare opportunity to acquire a long established, profitable, BMW After Market Specialist, with an excellent reputation. Trading profitably since 1994. Offering complete automotive performance, engineering and styling solutions. This is a retirement...

Asking Price: Offers Invited
Turnover: £726,000

Provider of Coffee Machines & Related Products
South East, UK

Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,060

FREEHOLD


International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources