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Your Space Limited and Workspace (North West) Limited (In Administration)

Daniel Francis Butters and William Kenneth Dawson were appointed Joint Administrators of Your Space Limited (Formerly Your Space plc) and Workspace (North West) Limited on the 26 March 2010. The affairs, business and property of the Company are managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability.

All Insolvency Practitioners of Deloitte LLP are licensed in the UK.

On 16 November 2009, YS, and WSNW entered interlocking Creditors Voluntary Arrangements ("CVAs") with their creditors due to the downturn in activity and asset values in the property market. Unfortunately, since the CVAs, the Group has been unable to sell either of its freehold properties and thus generate cash to be able to complete the construction contracts. This had the effect of not being able to increase its income in the serviced office business, which meant that the condition of voluntary contributions to the Supervisor could not be met.

Therefore, without additional funding the Group could not continue. The directors attempted to raise additional funds from the Group's shareholders and secured creditors, however when this failed, they took steps to place the Companies into Administration.

All reports and notices uploaded to this website have been prepared for the sole purpose of updating the creditors for information purposes. These reports and notices may not be relied upon, referred to, reproduced or quoted from, in whole or in part, by creditors for any purposes other than updating them for information purposes, or by any other person for any purpose whatsoever.

MORE Updates

  • Contacts
    How to get in touch with the right people
  • Final Progress Report to creditors for the period to 25 September 2013 pursuant to Rule 2.110 of the Insolvency Rules 1986.
    View the Final Progress Report to creditors for the period to 25 September 2013 pursuant to Rule 2.110 of the Insolvency Rules 1986.
  • Notice of extension of administration Form 2.31B
    View the Notice of extension of administration Form 2.31B.

Use of website

It is the Administrators' intention to provide all statutory information to creditors by use of this website in accordance with new legislation introduced by the Insolvency (Amendment) Rules 2010.

All known creditors will be advised each time a new document has been uploaded to the website and the documents will remain on the website for the duration of the Administration and for three months after the Administration has ended.

Related links

  • Contacts
    How to get in touch with the right people
  • EC regulations
    Relevant statements, forms and regulations
  • The Insolvency Practitioner Complaints Gateway
    The Insolvency Service, IP complaints

MORE Highlights

  • Final Progress Report to creditors for the period to 25 September 2013 pursuant to Rule 2.110 of the Insolvency Rules 1986.
    View the Final Progress Report to creditors for the period to 25 September 2013 pursuant to Rule 2.110 of the Insolvency Rules 1986.
  • Notice of extension of administration Form 2.31B
    View the Notice of extension of administration Form 2.31B.
  • Six monthly progress report to creditors dated 23 April 2013, pursuant to Rule 2.47 of the Insolvency Rules 1986
    View the Six monthly progress report to creditors dated 23 April 2013, pursuant to Rule 2.47 of the Insolvency Rules 1986.

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