Update - Welcome to Yorkshire - In Administration
Following Tuesday’s announcement that the Board of Welcome to Yorkshire (WTY) has taken the decision to place the organisation into administration, we have a further update.
Rob Adamson, Mike Kienlen and Daryl Warwick of *Armstrong Watson LLP were appointed as joint administrators of Welcome to Yorkshire on 1st March 2022 by the directors of the Company.
Welcome to Yorkshire had a number of ongoing projects at the time it was placed into administration. The joint administrators are currently engaging with the various stakeholders to determine whether these projects can continue in the short-term whilst they seek to establish whether a buyer can be sought for the business and assets.
Whilst this process is ongoing, the business is operating using a reduced workforce. Regrettably 11 employees were made redundant on Tuesday with the remaining 12 members of staff currently being retained.
The joint administrators are aware that Welcome to Yorkshire has a large membership base and the subscription position will be reviewed in the coming days. The joint administrators have been advised that all advance subscriptions were held separately by Welcome to Yorkshire. All relevant parties will be contacted in due course.
Unfortunately a number of events that were due to take place in the coming weeks will now be cancelled – affected parties will be contacted as soon as possible.
The joint administrators request that any queries are directed to their dedicated email address: [email protected]
Welcome to Yorkshire members and contacts will be regularly updated during the coming days/weeks regarding the current unfolding situation.
The team at Welcome to Yorkshire thank you for your patience and understanding.
*Armstrong Watson LLP
Armstrong Watson is a firm of accountants, business strategists and financial advisers. They have a network of 17 offices throughout the north of England and Scotland, with 38 partners and over 420 team members in a variety of areas such as: Accountancy, Audit, Business & Personal Tax, VAT, Corporate Finance, Business Strategy, Forensic Accounting & Expert Witness, Payroll, Restructuring & Insolvency, Financial Planning & Wealth Management.