How did a drug agency with a turnover of £5m go bust leaving less than £20k in the bank? Harry Shapiro investigates.
During the early afternoon of Friday 4 November, Nigel Eggleston, Service Manager at TH@W, a young person’s project based in Clapham, south London took a call in his office. On the end of the line was a trustee from In-Volve, the charity which managed the project. The news was devastating. “I was told that the company had gone under,” Nigel
recalls, “and that I had to go and dismiss the staff and send them all home. We were all out of a job with no warning, no notice. I couldn’t believe it, we were doing so well, hitting all our targets and building up really good relationships with all the other providers in the area.”