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ReZolve facing threat of closure

3:12 pm, January 23, 2012

Local social enterprise ReZolve is appealing for help in securing the future of the organisation.

After nearly 15 years of trading, the company which runs a number of projects including the Bodmin-based furniture reuse shop: RE:SOURCE, is facing the threat of potential closure.

The organisation has worked tirelessly over the last five years to move from dependency on Government grants to a position where over 90% of its turnover is from either self generated income or competitive contracts.

This achievement helped it to gain the Best Third Sector Business at the 2011 Cornwall Business Awards and a shortlisting for Best Social Enterprise in England.

ReZolve Chief executive Jon Rolls said a number of contributing factors have created what he calls a “perfect storm” and resulted in the company undertaking a period of redundancy consultation with all of their staff.

He explained: “The worsening economy has had a negative effect on the retail sector and this has extended to our own furniture reuse shop. Also, due to the change in Government, two of our successful training contracts were brought to a premature end and new contracting policy has made it difficult for us to compete against larger national organisations.”

He added: “When you look around the shop and warehouse, at all the items that have been donated to us and the fantastic quality of the majority of pieces, it is devastating to think that soon it will all end up in landfill or be crushed for recycling. The hardest part of this whole process is the knowledge that that the services that we currently provide will no longer be available.”

Rolls said he is currently talking to partners about what can be done to save the organisation and is keen to hear from anyone who feels that they could offer a solution.

 

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One Response to ReZolve facing threat of closure

  1. Peter Jones

    January 25, 2012 at 12:52 pm

    Such a shame that ReZolve is now struggling due to changes in how the Government funds training. Interesting article about it here from one of the non-Execs of the business:

    http://www.isonomia.co.uk/?p=627

    Good luck to all the staff and volunteers affected, hope they are able to pull it back round.