London-based flexible office space group Central Working has collapsed into administration, City A.M. can reveal.
The co-working business, which hosts 1,850 companies across 11 sites in the UK, has appointed administrators from independent advisory firm Quantuma.
Central Working told its tenants, which include tech startup accelerator Techstars, that it is “business as usual” and there would be “no disruption to your general day to day”.
The firm added: “As you can appreciate this process is quite fluid and inevitably, external influences will seek to unsettle our plans and spread rumours, but we expect to be able to update you with new information very shortly.
”Central Working said its offices host 3,500 “thinkers, dreamers and doers” as well as 19 office dogs “all in need of a good petting”.
The firm, which employs 48 members of staff, hired joint administrators Andrew Watling and Carl Jackson at the end of last week.