Case Study: Third Sector

Closing theatre charity due to lack of income - we were asked to assist with placing the Trust into Creditors’ Voluntary Liquidation.

CASE STUDY Third Sector – Lack of income for theatre in Hertfordshire

 

The Client

The Company was formed with charitable status to operate the activities of Watersmeet Theatre in Rickmansworth, Hertfordshire. However, it became apparent that further efforts were required to increase income for the charity to continue to be viable. Despite the Company’s attempts, sufficient income had not been generated to enable the Company to continue its operations.

The Conclusion

As a result, the directors decided that the Company should cease trading following the final performance of the current production. We were asked to assist with placing the Trust into Creditors’ Voluntary Liquidation.

 

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Key facts