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Redundancies as luxury serviced apartments company enters liquidation

The firm provided accommodation to production crews for Coronation Street and The Circle as well as for BBC Sport

You Are Home's Liverpool site(Image: You Are Home)

The managing director of a luxury serviced apartments company has revealed why the business was forced to close, with the loss of up to 25 jobs.

David Cahill confirmed that You Are Home has now shut its doors and went into liquidation on Friday, January 14.

The company, which had four sites in Manchester, Liverpool and MediaCity, provided accommodation to production crews for TV shows such as Coronation Street and The Circle as well as for BBC Sport.

READ MORE: Online sales boost revenue and profits at retail giant Matalan

Speaking to BusinessLive, Mr Cahill said all of the company's employees have been made redundant.

He added that the firm, which also provided accommodation for business travellers, said the market "did not return" in 2021 as much as it needed to for the company to continue.

Mr Cahill said that while it was "slowly but surely" improving towards the end of the year, it had not returned enough by December.