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empty IMPORTANT NEWS FOR DONORS - KaisKids

IMPORTANT NEWS FOR DONORS

Dear Friends and supporters.

I regret to advise that this morning we received an email from solicitors in Dublin, informing us that Pembroke Dynamic Internet Services Limited, the parent company of the Ammado Foundation, has been put into liquidation.

The Ammado foundation were an online global donation and fundraising platform and unfortunately KaisKids’s main donation payment gateway. Our donors may have noticed that their last donation payments were stopped without explanation and we had been investigating this .

Proceedings have been issued against the managing director, Peter Conlon. On Tuesday 30th January, 2018 the High Court granted an interim worldwide freezing order over Mr Conlon’s assets. The Liquidator has notified the Irish authorities who are conducting their own investigation.

The matter is returnable before the High Court on Friday next, 09 February 2018, and the Liquidator will issue a further update at that stage.

This is all we know right now, but the email goes on to say that “The Liquidator has established that there is likely to be a shortfall to the charities and is examining the records to ascertain what amounts, if any, are due to the individual charities. Given the number of charities and transactions involved, that exercise could take some time”. This is indeed dire news for ourselves and all the 800 charities involved.

We are today removing all Ammado portal links from our website and will be replacing them with Virgin Money Giving which we have already been using in the UK.. We will also be looking at other online giving options and will keep you informed.

We will be writing to all our donors individually.

With thanks and warm regards

Karen & Sunny