The commission opened a statutory inquiry into the charity in November 2016 after a BBC documentary, The Great Military Charity Scandal, allegedly showed the charity’s fundraisers falsely claiming they worked for free.
The commission appointed Brian Johnson, of accountants HW Fisher & Company, as interim manager in December 2016, ordered the charity to cease all fundraising activity until further notice and froze the charity’s assets.
The charity appealed against the interim manager’s appointment at the charity tribunal but the appeal was dismissed in July last year.
Its last set of published accounts show it had an income of £119,473 for the financial year to March 2016 .
In a statement published today, the commission gave notice of its intention to direct the charity to wind up.
It has the power to do this in cases where it is satisfied that a charity does not operate, or the charity’s purposes can be promoted more effectively if it ceases to operate, the statement said.
Third Sector was unable to reach the trustees for comment.