Partner Article

Peterhead Projects Limited

Begbies Traynor is working with the directors of registered charity Peterhead Projects Limited to assist with the organisation’s current financial problems.

A development trust, owned and led by members of the community and limited by guarantee, Peterhead Projects was established in 2009 with the aim of improving the local area through the provision of employment and by undertaking small development initiatives for the benefit of the community. As well as running three charity shops in Peterhead, the charity also sought one-off funding from companies for larger projects.

Unfortunately, the organisation has run into financial difficulties and approached Begbies Traynor to help it to work through these issues.

A winding up petition was presented in Peterhead Sheriff Court on 19th May and the company is expected to enter into provisional liquidation early this week. The shops have ceased trading with immediate effect and all ten staff have been made redundant.

This was posted in Bdaily's Members' News section by Emma Kilmurray .