The British Youth Council (BYC) - Liquidation

The British Youth Council (BYC), a charity that worked to empower young people and promote their interests, entered liquidation on 26 April.

The BYC has existed for over 70 years and was initially established by the Foreign Office of the British Government to unite young people against communism. The charity gained independence from the Government in 1963 and became a UK charity championing the views of young people to the government.

PKF Littlejohn Advisory were appointed to assist the Trustees of the BYC to place the charity into a CVL in March as it encountered financial difficulties following the collapse of The Body Shop, a major funder.

James Sleight and Peter Hart were appointed joint liquidators following a creditors' meeting in late April, and said that, although outstanding debts are relatively low, creditors are unlikely to see a dividend. However, there is potential value in the sale of intangible assets including the brand which may also enable some form of the charity’s work to continue. All 17 employees have been made redundant.