Prospect House Leeds Limited (01497454): administration
- Status
- Administration ended
- Administration began
- 2020-03-25
- Administrators
- Miles Needham, Simon Peter Carvill-Biggs
- Administrators' firm
- FRP Advisory
- Formerly
- Sovereign Street Work Space Limited
- Incorporated
- 1980-05-19
- Location
- St Albans
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Group provided high quality serviced office accommodation across eight locations in Leeds and London. The Group traces its roots back to the first business centre opened in Leeds in 1980, latterly expanding into prime business locations in London.
The Group provided flexible term office accommodation via standard licence agreements, as well as ad hoc meeting rooms and a virtual office service.
The Group’s expansion to eight locations was partially funded through borrowing from
Administrators' statement of proposals (2020-05-19) · Companies House register