Liquidation of Telephone Fundraising Agency
PELL AND BALES LIMITED GOES INTO LIQUIDATION
On 7th September 2016, Simon Thomas and Arron Kendall of Moorfields were appointed Joint Liquidators of Pell and Bales Limited, which has ceased trading with immediate effect.
The telephone fundraising agency has gone into liquidation, causing the redundancy of over 100 staff. The company unfortunately suffered a series of setbacks including a challenging market, decreased revenue and high overheads.
Simon Thomas, joint liquidator “Pell and Bales worked for a number of leading charities including Oxfam, Barnardo’s and Unicef but suffered financial distress following an earlier CVA and increased government regulation. Moorfields are working with the creditors to assist with enquiries”