New company behind Do-it late filing accounts

29 Jun 2017 News

Vivo Rewards, the company that has recently partnered with Do-it to launch a new organisation that will run the volunteering platform Do-it, is almost a month late filing its annual accounts with Companies House. 

The company, which is owned by US technology firm Vivo Technology, should have filed its accounts by 31 May.  

A spokesman said that: “Process issues have caused a slight delay but we understand that the accounts are ready and due to be filed shortly.” 

Last week the Do-it Trust announced that it had formed a partnership with Vivo to launch a new company – Vivo Life – to run Do-it and Vivo’s online services. 

Jamie Ward-Smith is to become the non-executive chair of Vivo Life, while Do-it’s other staff have been transferred to Vivo Life. 

So far just one director, George Grimo, who is the chief executive of Vivo, is listed on Companies House and the spokesman said that it is currently looking for board members with the right skills and “refining the articles”. 

Vivo Rewards also owns all the shares in Vivo Life. 

Vivo Rewards was registered in the UK in 2010, however it was not active until 2012. Its accounts for the year ending 31 August show the company had liabilities of over £5m, but it says this is because the way its voucher scheme for schools operates results in “a false negative view of the company due to the nature of the vivo points redemption history”. 

It runs an electronic reward system in schools. 

It was one of the three organisations that partnered with Do-it to take over the Do-it online volunteering platform from YouthNet in 2013. 

In September 2015 Companies House served the company with a notice that it would be dissolved but the action was discontinued a day later because “cause has been shown why the above company should not be struck off”. 

Companies House takes action to strike companies off the register if it believes they are no longer in operation.

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