Serviced office provider MLS Group has closed the majority of its semi-serviced centres in London’s West End as part of a reorganisation of its UK centre portfolio to strengthen the business.
As well as the semi serviced portfolio in London, it has also closed fully serviced centres in Milton Keynes and Manchester.
In London, it will retain one semi-serviced office at Redan Place in Bayswater. It continues to operate 60 centres globally.
MLS Group managing director, David Plummer said: ‘Unfortunately, these centres have not performed well in the current market and, as most of them are very small, they absorb a disproportionate amount of central overhead and senior management time.
'We have therefore taken the regrettable decision to close these centres. However, we have been able to offer those clients affected a range of options aimed at removing uncertainty and minimising disruption to their businesses and employees. These have included moving to one of our fully serviced centres nearby, migrating to a local competitor or, in some cases, remaining at the centre under direct management from the landlord or another business centre operator.
'This restructuring will further improve Group performance and give these clients a higher level of support in these challenging times. We have communicated with all of our clients, landlords and suppliers to reduce or remove the possible impact caused by the closures and to secure the future for clients and employees in those locations.’
He said the company continued to look at opportunities and its portfolio in India and China is performing well. It also plans to open in Australia, Brazil and Italy later this year.
Plummer said: 'These are challenging times for everyone in business. It is important that we make the right, and sometimes tough, decisions early.’
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