Tue, 06 Apr 2010 | ADMINISTRATION
Your Space Ltd, the serviced office provider, has fallen into administration and 14 jobs have been lost as a result.
Deloitte’s Daniel Butters and Bill Dawson were appointed as administrators on 26 March. The firm’s shares, which were listed on the AIM, were cancelled on 16 March. The firm was also previously known as Your Space UK plc, Your Space (UK) Ltd and Work Space (North West) Ltd.
The business operated serviced offices in central Manchester and also undertook restoration and refurbishment for Grade 1 and 2 listed buildings in the region. The two administrators from Deloitte were first brought in last November to supervise after creditors approved an interlocking company voluntary arrangements.
Dawson stated, “on appointment we unfortunately had to make 14 people redundant. We continue to seek a buyer for the business.”â¨
He also explained where the firm’s problems arose: “during the creditors voluntary agreement (CVA), the group was unable to dispose of key real estate and subsequently has been unable to invest in its contracting business.”
He went on to explain that the payment plan laid out in the CVA was not met as a result of a failure to convert property into serviced apartments.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
|
02
|
|
May
|
Scottish law firms WJM and Davidson Chalmers Stewart merge | MERGER
Scottish law firms Wright, Johnston & Mackenzie LLP (WJM) an...
|
01
|
|
May
|
Cybersecurity firm Brigantia bought by European peer | BUSINESS SALE
North Yorkshire cybersecurity distributor Brigantia Partners...
|
01
|
|
May
|
Historic pottery company Moorcroft goes out of business | ADMINISTRATION
The directors of 128-year-old Moorcroft Pottery have announc...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.