Creative charity and workspace provider MAKLab has officially closed its doors after five years, following news that the company has gone into liquidation.
MAKlab was an independent, not-for-profit organisation, “focused on the empowerment of people from all backgrounds, all ages and abilities, through making.” Established in 2010, it promoted education in arts, culture, heritage, and sciences, and provided a creative workspace for innovators.
A statement posted to their website reads: “We’re sad to announce that after 5 years MAKLab has officially closed. We’d like to extend a massive thank you to everyone who has supported us over the years and we’ve loved working with you all. We didn’t think when we started up we’d end up working with such wonderful, wide ranged partners from Barrhead to Brussels, Pollock to the Philippines, on so many fantastic, worthwhile projects.
“In the past two years we have faced significantly increased costs, financial uncertainty and difficulties in securing capital or grants to finance the organisation, and as a result the MAKLab was not able to recover from difficult financial years, or to continue. Whilst our sales, generated revenue and project funding are all at a higher level than ever, we were unable to raise enough to sustainably underpin the organisation.”
Records from Scottish Charity register OSCR show that the charity’s status was “not submitted” in March of this year, and that financial accounts were “overdue.” Companies House records also show that accounts have been listed as overdue since December, and list the company’s status as liquidated.
MAKLab experienced net losses of £89,773 in 2015, bringing in a revenue of £181,815 compared to £271,588 in expenditure. The previous year they saw an annual turnover of £118,921, with an income of £312,561 and £193,640 in expenditure.
Their statement continues: “We have worked hard to support, and will always believe in, a very strong future of making in Scotland, but our team will be taking time to reflect and pursue our own interest in the meantime.Thank you, Team MAKLab.”