From the administrators' statement

The charity is limited by guarantee and was incorporated on the 13° June 2000 to collect, recycle and redistribute redundant office furmture It trades from leasehold premises at 94-96 Queensbury Road, Wembley, London HAO 1QG_ The premises are leased to the charity for the contracted sum of £224,000 per annum The original landlords’ of the premises were Super Toughened Glass Limited who then sold the premises to Mayrose Properties Limited However, the property was repossessed by Mayrose Properties Limited’s bank and sold at auction in December 2010, when it was purchased by Kingston Estates Investment Property (GP) LLP on the 21" January

The former Jandlords had accepted a reduced rent of £160,000 per annum from the charity to assist 1ts cash-flow A subsequent further reduction to £100,000 for a 12 month period from January 2011 was agreed with Kingston Estates Investment Property (GP) LLP on the 10" February 2011 This was to be reviewed in January 2012 The chanty had rent arrears of £130,000 outstanding to Mayrose Properties Limited

The charity operated by being paid by blue chip companies to remove their obsolete office furniture which 1s then refurbished in the warehouse, and either sold on at reduced rates to other charities or low income businesses 5% of the refurbished stock 18 also exported to Africa for use by charities and schools there. The charity has six trustees and employs 15 members of staff in the warehouse and office It also has franchises in London, Wolverhampton, Bristol and Paisley who collect and sell furniture

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Green-Works (04013567)

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