ECL 2020 Limited (04838626): administration
- Status
- Administration ended
- Administration began
- 2020-06-23
- Administrators
- Philip Lewis Armstrong, Alastair Massey
- Administrators' firm
- FRP Advisory
- Formerly
- Energie Corporation Limited; Blusky Investments Limited; Howper 464 Limited
- Incorporated
- 2003-07-19
- Location
- London
- Industry
- 93110 Operation of sports facilities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
On the 20 March 2020, the Government ordered all gyms to close to combat
the ‘spread of Covid-19 leading to gym memberships either being frozen or cancelled. The franchisees were, therefore, not receiving any income and
_ therefore were not paying their fees to the Group. — Due to deteriorating financial performance ‘the Group was coming under -
Administrators' statement of proposals (2020-09-05) · Companies House register