A crowd funding page set up to pay the staff and freelancers of the now defunct The Pool magazine has raised over £24,000.
The women’s lifestyle website, which was set up by BBC presenter Lauren Laverne and former Cosmopolitan and Red editor Sam Baker, had been working through a backlog of late payments to freelance staff.
Press Gazette reported last month that it had frozen commissions and columns as a result of its pay issues. The Pool Ltd had made a loss for two years running, according to accounts filed with Companies House.
The Go Fund Me page, created by literary agency boss Julia Kingsford, reached its target of £24,000 target in less than a week. But donations are still being encouraged by Kingsford.
“We have now reached the target but please do keep giving. The amount was set completely arbitrarily when I had no idea the true extent of what hadn’t been paid. As of last night 31 writers had registered with me unpaid sums of over £65,000 and I know of at least a dozen who have been in touch but not yet registered what they are owed. It is obviously asking a lot to imagine that we’d reach anywhere near that, but every £ given will go some way to helping writers be paid for their work”
Kingsford claims to know “many of the staff and freelances” at The Pool and said at least one of her clients was still owed money. She said freelances still hadn’t been paid for “months worth of commissions” and staff have not received their wages for January.
The Pool Ltd incurred a net loss of £1.84m in the year to the end of March 2018 – following a £1.36m loss the year before – with net liabilities of £419,931, according to a financial statement filed in December 2018.
You can find out more about the crowd funding campaign or make a donation at: https://uk.gofundme.com/help-the-pool-staff-and-freelancers-get-paid