Greater Manchester Chamber filed a third Notice of Intention to appoint administrators.
In a statement in request for clarification from TheBusinessDesk.com, the Chamber said this latest step provides the Chamber with “the breathing space and necessary time” prior to the proposed appointment of administrators.
It went on to say: “Our priority remains the interests of GMCC’s stakeholders, along with ensuring the continuity of service to our members.
“We are committed to ensuring that the Chamber’s core work – supporting business, international trade services, influencing policy, and promoting economic growth across Greater Manchester – continues without disruption. The Chamber has now vacated Elliot House, and the team are currently working from home, and we will shortly be announcing a temporary accommodation solution.
“The Manchester Airport office remains open and operational for international trade services and export documentation.
“It is considered in the interests of the Company’s creditors to file a further Notice of Intention to appoint administrators. This was carefully considered and is appropriate given there is genuine progress towards a solution, and additional time is required to conclude these processes. We remain committed to finding a sustainable future for the Chamber, and the outlook is positive.”
TheBusinessDesk.com broke the story about the Chamber’s financial calamity in August, which it blamed on the Chamber Space business which it has now closed. We have also reported that the organisation had set up a possible phoenix company in readiness for a new start.
This third notice, is designed to buy more time to review its options.
Property investor Topland, which acquired Elliot House along with The Chancery in Spring Gardens in 2019 for a combined £30m, is expected to instruct agents to market the impressive period building to new tenants.