Published: 4th March 2008
‘Believe’ was established in 2002 and achieved charitable status a year later. Since then it has worked with young people from deprived backgrounds and provided mentoring for young offenders helping them find the motivation to go on to college training or into employment.
It has, however, recently run into financial difficulty and has this week called in liquidators from the Bristol office of Begbies Traynor, the leading independent, business rescue, recovery and restructuring specialist in the UK.
Explains Simon Haskew of Begbies Traynor: “Believe has benefited from funding from a number of charitable trusts enabling it to work alongside not only the education sector but a number of prisons, notably in Milton Keynes, the Thames Valley and South East London. Its work has been widely applauded, helping those who have struggled in the education system or turned to crime find self-esteem and belief and so go on to find career opportunities.
“With overheads increasing, Believe ran into difficulties in the summer and, in the absence of appropriate additional short term funding, the decision has now been made to appoint liquidators.”
It is hoped that alternative ways to continue the work of Believe and its approach to coaching and mentoring may be found.
Simon has over 25 years mid-market corporate restructuring and insolvency experience across a wide range of industry sectors, as well as broad experience in all aspects of personal insolvency. He joined Begbies Traynor as a partner in 1999 after a formative career with Ernst & Young in Bristol and London. He is a member of the R3 General Technical Committee and recently served as the Examiner of the “rescue” paper for the JIEB exam.