One of the UK’s biggest and best-known social enterprises, HCT Group, has closed its doors. Transport giant HCT Group posted a notice on its website revealing that it had gone into administration on Friday 23 September.
Social enterprises “significantly more resilient” on some measures than commercial businesses – with staff more likely to be retained and hired – but threats of unsustainable margins and reduced cashflow loom.
New figures from UK's CIC Regulator also show overall number of community interest companies grew at record slow pace in 2021-2022 financial year, following unusual spike during Covid-19 lockdowns.
The transition to sustainable business models, if done properly, requires letting go of so much that it is actually a form of grief, writes Amina Ahmad. How, then, do we support business leaders through discomfort and loss?
Eight years after it was created amid a buzz of optimism, the Global Social Entrepreneurship Network has shut for good. Its closure has stark lessons for those supporting social enterprises, writes GSEN co-founder Krisztina Tora.
Crunching the numbers from social sector organisations that have closed could help others to predict and prevent financial fragility. From salary spend to income type, financial benchmarking specialist MyCake suggests key questions to explore.
The sale of 166-year-old Clarity & Co. to a South African owner has secured all 85 jobs. Statement promises new company “will continue to operate as a social enterprise”.
The social investment intermediary Numbers for Good is to close by the end of March, citing 'difficult market conditions for advisory services in the sector' and 'continual pressure on the level of fee income'.
