Financial difficulties 3C

Financial difficulties and winding up

It’s never easy when an organisation has financial difficulties or needs to be wound up. This is especially true when it comes to charities.

You need to achieve the best outcomes for your charity’s beneficiaries and your trustees. But navigating the maze of legislation that not only involves charity law but often also insolvency law, company law and employment law can be complex and confusing at what is already a tricky time.

We are here to help. Our charity law team can give you advice on the duties of trustees or directors when a charity runs into financial difficulties. We can also call on the expertise of our insolvency team and specialist accountants to help you resolve all the issues satisfactorily.

We can also oversee the smooth transfer of services from one provider to another, meaning that the needs of your charity’s beneficiaries can still be met. Examples of our previous work include:

  • The transfer of the assets and liabilities of a charity to provide leisure facilities to a local authority
  • Advice to a care home followed by its transfer to another charity
  • Advice upon the transfer of an independent school in financial difficulties

Latest News & Blogs

Additional War Risk premiums under the spotlight
28
Mar
2017

A recent London arbitration 11/17 has examined an Owners’ entitlement to recover additional war risk premium and whether a claim for damages could be set off against it.

Durkan v Hythe Royal British Legion Club Limited
27
Mar
2017

The case of Durkan v Hythe Royal British Legion Club Limited is an interesting one as it showed just how flawed a disciplinary process can be.

The Charities & Social Enterprise Team

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