Enterprise Foundation entering creditors’ voluntary liquidation putting Kent jobs at risk

A charity which provides office space for new businesses is undergoing a corporate restructure, putting a handful of Kent jobs at risk.

The Enterprise Foundation, which has offices in Maidstone and Folkestone, has sent letters to tenants saying directors are proposing a creditors’ voluntary liquidation.

The charity is proposing the closure of sites it runs in Leeds and Birmingham, which it opened in 2013.

The Enterprise Foundation offices in King Street
The Enterprise Foundation offices in King Street

It plans to continue running its centres in the county as standalone entities after the charity is broken up.

It was only in August that the Enterprise Foundation began a partnership with Folkestone Business Hub, which opened in September last year.

Its centre manager Jessica Harris will lose her job under the restructure, with her notice coming to an end on Christmas Day.

“The foundation will not be completely disbanded but some sites will be closed down..." - Wayne Wright, Enterprise Foundation

It launched its 5,800sq ft site in Maidstone in February 2014, taking over the refurbished first floor of the HM Passport and HMRC offices in Mote Road. It later moved to Maidstone House in King Street, Maidstone.

The £90,000 revamp provides offices for a variety of businesses, which remain inside the Enterprise Centre, which has two direct employees and a board of three directors and trustees.

A letter from insolvency practitioners Capital Books informed creditors of a meeting at its offices in Earl Street, Maidstone, to discuss the appointment of liquidators and establishing the charity’s level of debts.

Director Wayne Wright said: “The foundation will not be completely disbanded but some sites will be closed down.

“Our site in Folkestone already runs as a standalone practice and Maidstone will be stripped out of the [Enterprise Foundation] entity.

“We have creditors who have been servicing the whole group and some who have been servicing individual centres.

“It’s a difficult situation which we are not happy with. We have invested a lot of capital into this project and we now want to take it a different way.”

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