Fundraising Initiatives Limited and Person to Person Direct went into administration on Friday, putting over 300 jobs at risk. David Rubin & Partners were appointed as administrators.
According to reports, the companies make up 10% of the entire face-to-face fundraising sector.
It has been a challenging time for fundraising businesses this year. Parent company, Fundraising Initiatives Group (which put R Fundraising into administration earlier this year) may also be on the brink of closure. Accounts due back in September have yet to be filed at Companies House, indicating the Group is encountering financial problems.
If you are an employee of the business, please listen to the video below as it will tell you your rights as an employee of an insolvent business. There is a link at the end of the video to the Government website which expands further on what you need to know. Any queries should be directed to David Rubin & Partners who are handling the administration.