Behind headlines of the closure of a charity are the details of job losses, the cessation of services and the loss of networks, assets and hope of change. These are tragedies and the fact that we’ve been studying the data on closures is no consolation for those who’ve been affected. What we can do, however, is learn lessons about why they failed and translate this into ways of identifying financial fragility so that organisations can be supported, business models improved and financial cliff edges avoided.
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