The company issued an email to its customers yesterday announcing the news and that the company would be wound up voluntarily.Staff were also told on Tuesday regarding the closure after a deal to find a buyer for the business folded on Friday.
We understand that 50 charities had outsourced the whole of their finance function to Charity Business. A further 150 charities were using Charity Business for payroll outsourcing.
This has left many charities with great uncertainty regarding their ongoing payroll provision. Acting for many charities already we can help by providing an interim or permanent payroll solution but most importantly we can offer a rapid setup ensuring minimum disruption in the critical area of payroll.
You can find out more about our Charity Payroll services by following the link.