Embattled youth charity enters insolvency

Blog Insolvency

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A charity which provided support for hundreds of vulnerable youngsters has gone into insolvency.

Base 33, based in Oxford, had been operating for around 15 years but its financial difficulties had made it impossible for trustees to continue.

According to a report in local newspaper, The Oxford Mail, in recent times the sums received in donations had fallen below the costs of keeping the charity running.

Trustee Ron Spurs said: “Base 33 has been a part of the fabric of Witney for a significant number of years and has provided support to a large number of young people not only in Witney but throughout West Oxfordshire.

“The trustees would like to take this opportunity to thank all of the charity’s supporters who have been involved in fundraising and working with the charity to deliver youth services for young people some of whom are vulnerable and required specialist help.

“The staff who have shown great dedication to Base 33 and have worked tirelessly in a very difficult operating environment have been informed of the closure and are receiving support.”

It is understood that the charity employed six people in total. Today the youth hub’s website appeared to have already been taken down.

Gibson Hewitt has a wealth of experience advising businesses and organisations in financial difficulties. Please note that ICAEW licensed insolvency practitioners have an unrivalled knowledge of business plans and company law – which can make the difference between turnaround and insolvency.