The former trustees and chief executive of Kids Company could be the subject of disqualification proceedings after the charity’s collapse, it is understood.
Trustees including the former BBC creative director Alan Yentob and Richard Handover, former chief executive of the retailer WH Smith, and Camila Batmanghelidjh, the founder and former chief executive of Kids Company, could be the subject of disqualification proceedings that would prevent them holding further roles as company directors, Sky News reported today.
The Insolvency Service has the power to disqualify people from directorships for up to 15 years.
A spokesman for the Insolvency Service said: "Our investigation into the circumstances surrounding the collapse of Keeping Kids Company and the conduct of the directors is ongoing. It is not appropriate to comment further at this time."
Kids Company closed abruptly in 2015 amid allegations of financial mismanagement.
A report by the Public Administration and Constitutional Affairs Committee, which was published in February last year, raised concerns about the trustees’ ignoring of repeated warnings about the charity’s financial health, the suitability of its programmes and the behaviour of staff members.
It says trustees’ "negligent financial management" rendered the charity unable to survive when allegations of sexual abuse last August caused several philanthropists to withdraw donations they had pledged.
A Metropolitan Police Service investigation found no evidence of abuse at the charity.
A Charity Commission spokeswoman said that its investigation into Kids Company was ongoing.