Healthy Planet Foundation (06460524): administration
- Status
- Administration ended
- Administration began
- 2015-11-13
- Incorporated
- 2007-12-27
- Location
- Manchester
- Industry
- 94990 Activities of other membership organisations n.e.c.
Why it went into administration
- Management failings / irregularities
- Property / lease costs
- Energy costs
From the administrators' statement
The Company was incorporated on 27 December 2007 and was set up as a charity. in January 2008 Healthy Planet Community C1.C. (“HPC”) was incorporated to work alongside the Company to provide chantable services through a network of sites throughout the country. The group's primary objective was to offer free books to the general public,
HPC received donations from commercial landlords and any surplus was donated to the Company who provided a free book service through its network of stores. Like every charity, the Company benefitted from a mandatory 80% reduction in its non domestic rates for properties used wholly or mainly for charitable activities. If the Company could not occupy a site, donations stopped to HPC. Therefore the Company was intrinsicaily linked with HPC.
The Company’s original agreements with landlords contained a provision that the landlords would pay ‘reasonable utilrty costs’ which left some exposure for the Company under its older agreements although, these costs were rarely called upon by the landlords. However, the Company was recently contacted by some of its landlords and local councils requesting payment for utility bills which ultimately affected the Company’s cash flow position
Administrators' statement of proposals (2016-01-15) · Companies House register