The collapse of charity agency Home Fundraising has resulted in more than 1,100 members of staff losing their jobs – nearly twice as many as first feared – with the business owed over £400,000 by its charity clients.
According to documents filed at Companies House by administrators HW Fisher & Company, all staff were made redundant soon after the company entered administration in March, “when it became apparent that a sale of the business and assets of the company would not be achieved”.
At least one party had expressed an interest in buying some of the company’s offices, with staff to be transferred, but this collpased due to a “significant liability” from TUPE regulations.
As a result, all 1,111 employees had been made redundant, although it pointed out that not all of them were “actively employed” at the company when it went into administration.
When the administration was announced, Home Fundraising said in a statement that more than 600 jobs were at risk.
At the time, joint managing director Dominic Will said: “We are deeply saddened that, after so many years in the sector, Home Fundraising must go into administration. In particular, we feel for our fundraisers and staff, who’ve been such passionate advocates for the charities we have worked with and have initiated so many long-standing donor relationships. Our staff have undoubtedly been Home’s biggest asset.”
Will and co-joint MD Neil Hope have launched a new company, Hope & Will, which paid £5,250 for some of Home’s IT equipment.
Some former members of staff have secured jobs in the new venture although exact numbers are unavailable.
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