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Falling charity revenues

Charities and Community Interest Companies (CICs) are just as exposed to the economic environment as are trading companies. Importantly they are suffering from falling revenues due to a reduction in charitable giving, costs may be rising and there is growing demand for their services owing to the rollback of government support in many cases. Charities that do not have large reserves that they can call on may need to scale back what they are doing and can do in the future. Alternatives include merger, takeover or liquidation. Professional advice should be obtained as soon as possible. 

Please note that the above is provided for illustration purposes only and comprises a short view of extremely complex insolvency and other legislation. This is a complicated area and specific advice must be sought before undertaking any course of action or before refraining from any course of action. Gore and Company takes no responsibility for any loss incurred to or by any person who either acts or refrains from acting on the basis of the above or of any other item published on this website. The above note may not be reproduced without the prior written consent of Gore and Company.

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