Power Plate International Limited (05688772): administration
- Status
- Administration ended
- Administration began
- 2012-09-24
- Administrators' firm
- Kroll
- Incorporated
- 2006-01-26
- Location
- London
- Industry
- 3161
Why it went into administration
- Creditor pressure / legal action
- Weak consumer demand
- Supply chain disruption
From the administrators' statement
Statutory information on the Company and a summary of its financtal history is included at Appendix 1
The Company was incorporated on 26 January 2006 and was a developer and retailer of vibration plate training equipment
The Company distributed directly to UK commercial and individual customers and, via a number of distribution agreernents, to commercial and individual customers across Europe, The Middle East and Asia Accarding to the Company's statutory accounts for the year ended 31 December 2010, approximately 45% of the Company's turnover ts attributable to the European markets, with 30% being a result of sates in the UK and the remaining c25% being comprised of sales across the Rest of the World
Administrators' statement of proposals (2012-11-22) · Companies House register