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Folkestone Sports Centre Trust: From £150,000 Council Grant to Administration — What the Sale Price Reveals
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Folkestone Sports Centre Trust: From £150,000 Council Grant to Administration — What the Sale Price Reveals
Folkestone Sports Centre didn’t die because it had nothing. It died because it had no money where it mattered: in the bank. That is the central message running through the filings for Folkestone Sports Centre Trust Limited (company 01092545) — a charity with a substantial site and facilities, yet so short of working cash that it tipped into insolvency, shut its doors, made staff redundant, and ended up being sold by administrators. Solvent on pa…
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