SPCK/SSG Creditors have 2 weeks to Act (Updated) (original) (raw)

This advert appeared in this week’s Bookseller.

Note that you only have about a fortnight to write in.

ST STEPHEN THE GREAT CHARITABLE TRUST

This charity has been in the press over recent years as a result of concerns expressed over its operations. In April 2009 the Charity Commission appointed Peter Gotham of Begbies Traynor as Interim Manager to take over its running – other than with respect to its religious mission in the churches it controls. This objective was made more complicated by virtue of the fact that since July 2007 the shops previously operated by the charity were managed instead by other companies appointed by the Trustees. The Interim Manager has now completed his initial work, has retaken possession of most shops, and is moving towards meeting valid claims on the charity’s assets. In order to do this he has instructed agents to put various of the Trust’s properties on sale. He is now advertising for creditors’ claims incurred before 1 July 2007 in order to ensure that no valid claims go unmet. (Any claims incurred after 1 July 2007 will be the responsibility of the various companies engaged by the Trustees.)

Creditors who believe that they have a valid claim against the Trustees of St Stephen the Great Charitable Trust incurred before 1 July 2007, should write to the Interim Manager at Begbies Traynor (Central) LLP, 32 Cornhill, London EC3V 3BT under ref S8703 before the close of business on 16 December 2009.

Presented by: Begbies Traynor (Central) LLP

Presenter’s Reference: S8703/PJG/NGA/BRS

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And which external companies were responsible for running the shops after 1 July 2007? The company which seems to have been responsible for running most of them – ENC Shop Management Ltd – was not registered at Companies House until 11 March 2008

Groups such as the Church of England Pensions’ Board and various government agencies, and other creditors, need to take a close look at this.

And you only have 2 weeks to do so.

[Update: 27/9/1009.

We have been in touch with the interim Manager’s team during the afternoon.

The reason why responsibility is accepted for debts incurred before 1 July 2007 is that the Interim Manager was appointed to manage the “St Stephen the Great Trust” (no 1119839) charity, while a separate charity – a Company Limited by Guarantee – had been created to manage the bookshops. The Interim Manager was not appointed to manage this Company Limited by Guarantee , and so they are not accepting reponsibility for debts incurred by this Company.

Editorial note: This is all horribly complicated, and we will try and submit a list of detailed questions to the Interim Manager and the Charity Commission over the weekend. The Company Limited by Guarantee was merged with the parent charity (no 1119839) by direction of the Charity Commission on 27 July 2007 – see the “subsidiary charities” page on the link above, so it is not clear to us how the Interim Manager is entirely not responsible for actions of this charity.

In the meantime, there is an email address for the Interim Manager on the Charity Commission website, where you can send your precise queries.

My brain still hurts.]

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