20/09/2024
With heavy hearts, we share that China Exchange has entered into a voluntary liquidation process and is closed with immediate effect.
Over the last 9.5 years, 41,000 people have joined our activities. Our incredible team of volunteers have committed thousands of hours to supportive heritage making in London’s Chinatown and we see the ripples of their efforts across the area. We are so appreciative of our incredible staff and volunteers past and present who have worked in many ways to overcome the challenges of the last few years - you are all amazing!
The building at 32a Gerrard Street will be returned to the landlord. The Trustees will be appointing insolvency practitioners. Formal notification to creditors will follow.
The charity’s heritage and community work will be entrusted to a community-based organisation, Chinatown Collective, which will allow certain projects to continue.
Costs have grown substantially and our income model was not sustainable in the current economic environment. Generating income through our building has been harder since the pandemic and a run of expensive repairs have left the charity with no other options. Our hardworking team members have been made redundant. We hope that other employers will jump at the chance to work with people who have proven their skills at China Exchange.
Thank you to our funders, project partners and collaborators, audience members and guests. We appreciate everyone who has contributed to our China Exchange community and we are proud of what we have built. Thank you for being with us.
