Fundraising Initiatives Limited (03833132): administration
- Status
- Administration ended
- Administration began
- 2015-10-30
- Administrators
- Henry Lan, Asher Miller
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1999-08-27
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Competition / price pressure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Property / lease costs
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company’s principal activity was that of Charity Fundraising via door-to-door and private site face-to-face methods and its subsidiary activities involved telephone fundratsing and payroll giving to donation processing, online giving, and charity lotteries
The Company operated from leasehold premises at Cavendish House, 369 Burnt Oak Broadway, Edgware, HA8 SAW The lease is personally guaranteed by Catherine Sullivan, a director of the Company The rent was £125,100 plus VAT per annum, payable quarterly in advance There were no rent arrears as at the date of our appointment
The Company was incorporated on 27 August 1999 and 1s a subsidiary of Fundraising Initiatives (Holdings) Limited (“FIHL”) which is the parent company of the Fundraising Inittatives Group. FIHL 1s the sole shareholder of the Company
Administrators' statement of proposals (2015-12-31) · Companies House register