Regional Offices (LBC) Limited (00972499): administration
- Status
- Administration ended
- Administration began
- 2012-03-21
- Administrators
- Anne Clare O'Keefe, Simon Jonathan Appell, Alastair Paul Beveridge
- Administrators' firm
- AlixPartners
- Formerly
- Regus (LBC) Limited; Longford Business Centres Limited; Principality Estates Limited
- Incorporated
- 1970-02-16
- Location
- Manchester
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company ts part of a larger group of property companies which are owned by Regus Pic (the Group).
The Company holds two commercial leases relating to the Properties, which are for prime office space licensed to clients on a fully furnished and serviced basis, with rental ranging from hourly to longer term licenses.
The Company's operations are sub-contracted to Regus Management UK Limited (RMUK)} under a full service agreement. Services provided by RMUK include co-ordinating and obtaining varfous services from landlords, paying rents and assoctated property expenses. Amounts collected by RMUK from occupants are pafd to the Company net of refmbursements of expenses and a manthly management fee.
Administrators' statement of proposals (2012-05-04) · Companies House register