Lucas Johnson are business recovery and insolvency specialists covering the entire UK.
We are proud members of many professional organisations including the Turnaround Management Association and the Association of Business Recovery Professionals. Our Licensed Insolvency Practitioners are also qualified Chartered or Certified Accountants and are licensed to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales.
Many people believe Insolvency Practitioners simply close down businesses however, many have skills in turnaround situations and a handful have experience in mergers and acquisitions. We are one of the few with staff experienced in fundraising, mergers, acquisitions and disposals from working at national accountancy firms, turnarounds, rescues and inevitably closing businesses. We are able to deal with any organisation that finds itself on the decline curve, whether it be at the start of that journey or towards the end.
The firm’s founders, Kevin Lucas and Nigel Johnson have over 50 years combined experience in dealing with and running businesses. This experience is essential for any charity or not for profit organisation in today’s economy. It is no longer possible to avoid treating a charity or not for profit organisation like a traditional business given the amount of competition for every pound of funding, surplus disposable income and even legacies.
Unfortunately the sad reality is that there are too many charities and not for profit organisations chasing a pot of funds that does not keep pace with the rising numbers of organisations seeking them.
Accepting that a charity has to close, even where it is solvent, can sometimes be the best outcome overall because another charity can benefit from the surplus available or from the additional funding where costs are lower and the return to users is greater.
If you want an advisor that understands your sector, understands how difficult it is to be in your position, and will do what they can to ease your worry and treat all your stakeholders with the care they deserve then call us today.