British Association For Adoption and Fostering (01379092): administration
- Status
- Administration ended
- Administration began
- 2015-07-31
- Administrators' firm
- Evelyn Partners
- Formerly
- British Agencies For Adoption and Fostering; Adoption Resource Exchange
- Incorporated
- 1978-07-19
- Location
- Birmingham
- Industry
- 88990 Other social work activities without accommodation n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Pension deficit
From the administrators' statement
As a result of the position in which the Charity found itself, the Board decided to take insolvency advice and Matthew Dunham of Smith & Williamson LLP first met with the Board at the Board meeting convened on 15 June 2015.
(in administration) Pp a th & one Williamson
The cash-flow forecast was presented to the meeting and this indicated that the charity was likely to have insufficient cash to meet its ongoing lhabilities in August 2015 and thereafter
Administrators' statement of proposals (2015-10-01) · Companies House register