Over £1m worth of unsecured creditor claims made against GoGen

15 Feb 2016 News

Claims worth £1.14m have been filed with the administrators of former telephone fundraising agency GoGen, according to documents filed with Companies House.

Claims worth £1.14m have been filed with the administrators of former telephone fundraising agency GoGen, according to documents filed with Companies House.

GoGen’s administrators' progress report, published with Companies House earlier this month, shows that the former telephone agency went into administration owing over £1m to unsecured creditors.

Alongside the money owed to its unsecured creditors, HSBC Bank, one of the former agency’s secured creditors, was owed £724,426 at the time GoGen went into administration.

The progress report also shows that 272 of the agency’s former 485 staff have made preferential claims to GoGen’s administrator’s BDO. According to the report, these are former employees who are owed holiday pay, arrears of pay capped at £800 and deductions taken but not made to pension schemes.

The total owed to these 272 staff amounts to around £194,000.

GoGen went into administration on 28 July 2014 with the loss of 485 jobs. The agency went into administration after being the subject of an investigation by the Daily Mail into its fundraising practices.

Civil Society News has contacted former director Giuseppe Iantosca for a comment.