Twin (01900520): administration
- Status
- Administration ended
- Administration began
- 2019-10-08
- Administrators
- Philip Reynolds, Philip Lewis Armstrong
- Administrators' firm
- FRP Advisory
- Formerly
- Twin Ltd.; Third World Information Network Limited
- Incorporated
- 1985-03-28
- Location
- London
- Industry
- 94990 Activities of other membership organisations n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 28 March 1985 to deliver services and projects focused on gender justice, sustainable agriculture, business management, governance, quality and processing for farmer producers based in Africa and South America. The Company operated from i Curtain Road, London, EC2A 3LT and had an office in Rwanda.
In addition, the Company facilitated market access for coffee, cocoa and nut farmer producer organisations to sell their Fairtrade produce to customers based in the United Kingdom, United States and Europe. Sales operated through the Company‘s wholly owned trading subsidiary TT and its associated company, Liberation, for which the Company holds a 22.35% shareholding.
The Company is registered as a charity limited by guarantee. On appointment, the Company had 19 employees based in London and 8 employees based in Rwanda. The Joint Administrators were made aware that the London employees unusually held joint employment contracts with both the Company and TT. The employees based in Rwanda held sole employment contracts with the Company.
Administrators' statement of proposals (2019-11-27) · Companies House register