# ECL 2020 Limited (04838626)

> Why UK company 04838626 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04838626

- **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- Funding withdrawn / unable to refinance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 -

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04838626/filing-history/MzI3Njg1Mzg3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04838626

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