Aspire Group goes under with debts of £350k to creditors

A social enterprise company, which aims to get homeless people into employment, has collapsed owing £350,000 to creditors.

The Aspire Group employed homeless people in 12 cities across the UK to produce a fair-trade catalogue. Regional branches had diversified into other businesses including furniture recycling, gardening, catering, window cleaning and bicycle restoration.

The company was co-founded in 1999 by Paul Harrod, who resigned as director earlier this year. At the time of going to press, Harrod was unavailable for comment, but is reported as saying that the company would attempt to pay its creditors by selling its stock and renting out its mailing list.

A new company, Aspire Support UK, has been launched to maintain the six remaining social enterprises in Bristol, Oxford, Cambridge, East London, Sheffield and Blackpool.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus