Two fundraising agencies enter administration

Tue, 03 Nov 2015 | ADMINISTRATION

Fundraising agencies Fundraising Initiatives Limited and Person to Person Direct have entered administration.

Both businesses provide face-to-face fundraising services and form part of the Fundraising Initiatives Group. Earlier this year the parent company also put a third business - telephone agency R Fundraising - into administration.

It is reported that Fundraising Initiatives Limited (FIL) and Person to Person Direct being placed in administration could result in the loss of more than 300 jobs. Between them, the two businesses make up 10 per cent of the entire face-to-face fundraising market.

FIL has more than 300 employees on its books, its website states. Furthermore, the most up-to-date accounts available show that in the year to December 2013 the business had a turnover of £11.8 million.

Meanwhile, for the same financial period Person to Person had a turnover of just £866,000. It is unknown how many people this business employs.

More trouble could be in the offing for the parent company Fundraising Initiatives Group; according to Civil Society Media, the holding company is not currently in administration, although its accounts have not been filed with Companies House despite being due by the end of September.

Spokesmen for Workplace Giving and Rapidata, two other companies in the Fundraising Initiatives Group, said the businesses now in administration continued to operate as normal.


View other businesses for sale.


Share this article



Latest Businesses for Sale

Authentic Sardinian Restaurant
Stoke Newington, North London, London, South East, UK

Il Bacio Express, an authentic Sardinian restaurant which was established by our client in 2000. Our client is now looking forward to moving back to Sardinia. Il Bacio Express opened in 2000 as a pizza and pasta café. Since then the business has grow...

Asking Price: £345,000
Turnover: £464,228

LEASEHOLD


Nationwide Loss Adjuster
UK Wide

Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.

Asking Price: Offers Invited
Turnover: £327,000

FREEHOLD


Gas Leakage Repair Solutions & Pipeline Corrosion Protection
UK Wide

Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
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...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

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