UBT Sold
We noted in the last couple of months, the interesting change to the ownership of UBT (Universal Business Team) in the UK. We thought it would be worthwhile digging a little deeper into the current ownership. UBT in the UK was a subsidiary of The Grace Trust via it's trading arm, it is now owned by a company called UBT Holdings Ltd.
The Grace Trust is the main Plymouth Brethren Christian Church fundraising charity with income in 2021 of almost £130 million, of which UBT EU Ltd accounted for almost £98 million. The Grace Trust funds the operation of OneSchool Global across the UK, it is the major source of income for the Rapid Relief Team (RRT) in the UK, and it also funds via grants a number of hardship funds within the Brethren community. The Grace Trust also supports a number of non brethren charities, with approximately 1 to 2% of its total donations & grants, going outside the brethren.
The Grace Trust is the main Plymouth Brethren Christian Church fundraising charity with income in 2021 of almost £130 million, of which UBT EU Ltd accounted for almost £98 million. The Grace Trust funds the operation of OneSchool Global across the UK, it is the major source of income for the Rapid Relief Team (RRT) in the UK, and it also funds via grants a number of hardship funds within the Brethren community. The Grace Trust also supports a number of non brethren charities, with approximately 1 to 2% of its total donations & grants, going outside the brethren.