Premier Contact owed over £500,000 to intercompany unsecured creditors at the time that it went into liquidation, according to its statement of affairs published on Companies House.
Premier Contact, a telephone fundraising agency that was once part of the Fundraising Initiatives Group, went into liquidation in July – making it one of the last FIL agencies to collapse.
Its statement of affairs, published on Companies House, show that the agency owed £541,026 to FIL’s still extant Holdings Company and a number of other now defunct agencies within the group.
The document shows that Premier Contact collapsed owing £403,201 to Fundraising Initiatives (Holdings) Limited. It also owed £130,520 to another FIL agency Workplace Giving UK Limited – which itself went into liquidation in December 2015.
The document also showed that Premier Contact owed small sums of money both to FIL and Person to Person Direct Limited, both now in administration. It also owed over £5,000 to a number of employment, media and management companies.
The only secured creditors named in the statement of affairs are GQS Finance Limited – but the amount paid to them is listed as being £0.
The assets listed in the document amount to £696 worth of “fixtures, fittings and equipment”.
Premier Contact was the last in the line of FIL Group agencies that have gone into either liquidation or administration since July 2015. In that space of time R Fundraising; Future Fundraising; Person to Person Direct Ltd; Fundraising Initiatives Ltd and Workplace Giving UK have all collapsed.
So too has Global Customer Acquisition Ltd, another agency which wasn’t technically a part of the wider group, but had close ties to Cathy Sullivan, FIL Group’s chair.
Civil Society News understands that Premier Contact’s 50 staff members were actually made redundant in the summer of 2015.
Civil Society News understands that Cathy Sullivan and the remaining members of the Fundraising Initiatives board of directors kept Premier Contact from filing liquidation papers with Companies House at the time, in order to facilitate the sale of Rapidata and to liquidate the remaining shares.
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