Statement from the Advising Communities Board of Trustees 1st May 2019:
Following a board meeting on 10 April, and subsequent independent financial advice, it has been decided by the trustees that unfortunately the financial position of the Company means that it is appropriate to engage an insolvency practitioners.
Professional advice has been sought from Price Waterhouse Coopers and FRP Advisory LLP and all possible options have been considered.
You will appreciate that we have not taken this decision lightly. The relevant processes will now be followed.
The board recognises the commitment and contribution of the staff and volunteer team at AC and would like to thank them for their commitment and loyalty.
On the 25th April we were informed at a board meeting with our chosen Insolvency Practitioners, FRP Advisory LLP that our financial position had worsened. Having reviewed all options available to the board, we have taken the advice to cease trading in order to limit further liabilities.
We are also very sorry that we will be unable to continue our work with residents of Southwark, Lambeth, Lewisham, Wandsworth and across all London boroughs and that we have been unable to give more notice to our clients and stakeholders.
If you are seeking legal advice for yourself or someone you know please contact your local advice providers.
If you are from Southwark please drop in to see Southwark Citizens Advice or call 0344 499 4134. For further information please visit https://www.citizensadvicesouthwark.org.uk/advice/#face
If you are from Lambeth please call One Lambeth Advice on 0800 254 0298
If you are looking for debt advice please call the Debt Free London freephone line on 0808 164 2480 (Monday to Friday, 10 am – 5 pm) or visit www.debtfree.london and one of their team will be able to call you back.
If you are looking for immigration advice, please contact Migrant Legal Action on 020 3150 1470 (Mon-Fri 2-4pm).