The telephone fundraising agency Pell & Bales has gone into liquidation with the loss of 20 full-time jobs just two months after being sold by the business processing outsourcing firm Parseq.
A statement issued today by Gerry Hoare, one of the main investors who acquired Pell & Bales and its sister telephone fundraising company Pure Fundraising from Parseq in June for an undisclosed sum, said the management team had been “forced by creditors” to place the company into liquidation.
Speaking to Third Sector this morning, Hoare said his investment in Pell & Bales had proved to be a “very big mistake”.
Asked if he had acquired the company with a view to liquidating it shortly afterwards, he said there would be no point in do…
Read the full article at: http://www.thirdsector.co.uk/pell-bales-goes-liquidation-loss-20-full-time-jobs/fundraising/article/1406742
