# Fitness First (Curzons) Ltd. (02734288)

> Why UK company 02734288 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02734288

- **Status:** Administration ended
- **Administration began:** 2023-04-05
- **Administrators:** Robert Scott Fishman, Gavin Maher
- **Administrators' firm:** Teneo
- **Formerly:** Curzons Management Associates Limited; Curzon Management Associates Limited; Tarascon Leisure Limited
- **Incorporated:** 1992-07-24
- **Location:** Birmingham
- **Industry:** 93130 Fitness facilities

## Why it went into administration

- COVID-19
- Property / lease costs

## From the administrators' statement

The COVID-19 pandemic and subsequent enforced closure of all gyms had a material impact on the business and fundamentally changed both the financial performance and the capital structure of the Group.

The mandated closures of all gyms in 2020 and 2021 resulted in a reduction in the number of members and following a slower than expected recovery, specifically in the London city centre clubs, which impacted FFCL’s ability to provide ongoing funding to meet the costs of the Company’s leases.

Steps taken to remedy/turnaround

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02734288/filing-history/MzM4MTIzNTQ1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02734288

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.