Push Consultancy, one of the UK's biggest face-to-face fundraising companies, has gone into administration with a deficit of £520,000.
Until last week, Push provided fundraising services for charities including the NSPCC, WWF-UK, Sight Savers and Unicef.
Fruitful Fundraising has taken on Push's staff and client list. Fruitful also took over Open Air Fundraising last July when it went into liquidation owing £900,000 to its charity clients. The company set up a fund into which 50 per cent of the other divisions' profits are contributed to ensure that all of Open Air Fundraising's clients are compensated.
Push's financial hole was uncovered when a management team took control after the founder left last September. "It was a poisoned chalice," said Chris Coleridge, Fruitful's managing director. "Push had been accepting payments from charities in advance for expected donations. This practice was stopped when they realised the true state of things."