On behalf of the NFWI Board of Trustees, it is with great sadness that we announce our proposal to close Denman permanently. We appreciate this will be difficult news for you, as it is for the NFWI Trustees and our staff. Most of all, this is a difficult time for the dedicated and passionate Denman staff team who are at risk of redundancy.
For a number of years, Denman has been operating without unrestricted reserves and operating a cash flow model reliant on future bookings. This has always made Denman vulnerable to any economic changes and particularly so during this period of complete lockdown.