Telephone fundraising agency Listen Ltd falls into administration

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.

Share this article

Latest Businesses for Sale

Haulage & Warehousing Services
UK Wide

Utilises a team of experienced drivers to provide tailored logistics solutions, with a focus on home delivery services, whilst also offering complementary warehouse solutions. Serves 20 active clients from a wide range of sectors, including retail, i...

Asking Price: Offers Invited
Turnover: £2,900,000


Automotive Electrical Products & Services
UK Wide

Established for over 50 years.Provides a range of automotive electrical services including air conditioning, heating, tachographs, security systems, vehicle tracking and reversing aids for vehicle, plant and marine industries. Over 100 active clients...

Asking Price: Offers Invited
Turnover: £771,000


Freight Forwarding Services
South East, UK

Provides freight forwarding for a range of sectors, as well as warehousing and an array of other complementary services. Serves over 20 clients, with an 80% retention rate.Strong second-tier management team in place. Generates revenue on an internati...

Asking Price: Offers Invited
Turnover: £956,000


View more businesses for sale

News Search

Latest News


PPL Corp. seeks sale of Western Power Distribution | BUSINESS SALE

PPL Corporation has announced that it has put its UK utility...


Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE

Samworth Brothers has completed the £6.4 million acqui...


Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

Free guide: 10 Biggest Buyer Mistakes

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


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