The Grift Bubble has burst on child trans charities.
I suspect it's possibly a lot like Mermaids and did a lot of expansion in a short time frame and increased their running costs, then the bubble burst with the Cass Review and funding and take up of courses stopped.
Mermaids ran to a loss last year, and whilst they have reserves to cover it they are going to have to make a lot of cuts to their expenses to survive. Meanwhile the number of course they did over halved.
I suspect this lot didn't have funds in the bank to continue to carry the loses they were clocking up.
It may not be something more scandalous.