Thu, 29 Aug 2019 | ADMINISTRATION
Listen Limited, a telephone fundraising agency headquartered in London, has collapsed into administration after citing “a number of years of challenging trading” as the reason for its downfall.
Its director, Ben Smith, stated that putting the company in administration was the only way in which it could maximise the financial returns to its creditors.
Over the period of 10 years, Listen Ltd claimed to have raised more than £250 million for charities; in spite of the administration, no money is owed to the charities for which it was fundraising.
Accounts filed with Companies House reported that the agency owed HMRC £319,000, to the leasing company Stadium Investments £325,000, and to the parent company TCLLH £7,000. In addition to this, the company entered into a CVA in February 2019 to pay off approximately £650,000 in debts in a bit to continue its trading capabilities.
A statement from the company said: “It is with great sadness that today we announce the closure of Listen Ltd, as we bring the business to a close after a number of years of challenging trading.
“After exploring all possible actions to continue the company, attract outside investment and widen our offering to our clients, it has become clear that the business cannot continue to operate in the current market.
“We’d like to thank our clients, our dedicated and skilled management team and the thousands of fundraisers who have walked through our doors in the past decade for everything they have done to make Listen the friendly, supportive and collaborative environment that it was.”
Listen Ltd has said it will work alongside its database of charities to return all the data in due course.
This well-established business excels in resin floor installation and repairs, alongside additional services like stainless steel drainage installations, catering to diverse sectors including engineering, aerospace, and healthcare across South West E...
The group of companies operate as a specialist provider of structural steel erection services, carrying out work on a diverse range of projects in the commercial, industrial and education sectors.
This business is a unique opportunity in the passive fire protection sector, boasting a strong client base with repeat business from 18 regular clients in diverse industries such as construction and healthcare. As an approved installer for leading ma...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.