Staff have been made redundant after the collapse of Unity House (Wakefield) Ltd, which will cease its all its operations with immediate affect, it has been announced

Insolvency firm Begbies Traynor has been appointed as administrator of the company, which reopened the venue in 2014 after it stood empty for more than a decade.

The administrators said in a statement: “Unfortunately, Unity Works has been unable to generate sufficient income and, due to ongoing funding requirements, it has not been possible to restructure the business.

“The board, therefore, made the decision to place the business into administration.

“Its operations have ceased with immediate effect and all events have been cancelled although existing tenants will continue granted use of the building under the terms of their occupation.”

Joint administrator Lee Lockwood added: “Unfortunately, the current operation of the building has proved to be unviable and there was no option but to place the business into administration.

“It is very sad to see the end of this facility in its current format and the loss of these jobs. Our priority is now to find a buyer for the company’s long leasehold interest in the building so that we can recover what we can on behalf of the creditors.”

When the venue reopened in 2014, 400 people had invested in a community share issue to bring the derelict building back into public use.