The Davenant Centre received notification on 2nd June 2017 that Lifeline had been placed into receivership and of the
appointment of an administrator for Lifeline, to whom a claim for the unpaid funds was submitted. Subsequently the
London Borough of Tower Hamlets appointed CGL, a large national charity delivering similar drug recovery services to
Lifeline, to take over the project. Under this arrangement, CGL decided to continue delivery of the drugs recovery
services from The Davenant Centre's building at 183-185 Whitechapel Road. CGL has since been occupying the premises
under a license agreed with the receivers of Lifeline, who have continued to the pay the full monthly rent specified in
Lifeline's lease, to end of June 2018. From July 2018, CGL have occupied the premises on a license. By mutual
agreement, the Bangladeshi Drugs Project who occupied 179-181 Whitechapel Road, terminated their lease in March
2018, due to their financial inability to pay the rent and the premises have now been let out to YMCA George Williams
College, initially on a license from 1st May 2018 and a 5 year lease from 1st August 2018. The Davenant Centre has
therefore been able to continue to maintain its liquidity over this period and reduced its debt by £88,751. The company's
cash position has continued to be closely and regularly monitored and a number of options for increasing revenues and
building reserves are under consideration.
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