Gymcompany Ltd (06038272): administration
- Status
- Administration ended
- Administration began
- 2017-11-01
- Administrators
- David Gerard Kirk
- Incorporated
- 2006-12-29
- Location
- Exeter
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1 As per 2 above the Company suffered significant cashflow problems which alt came to a head at the beginning of October 2017.
3.2. 1 first met the director, Ben Nedas, on 12" October 2017 with a view to liquidating the Company but he felt that we would be able to sell the business, brand, website and customer list etc. so felt that Administration would be more appropriate.
However the Director has been extremely slow to provide information and the delay has fed to the goodwill of the business dissipating.
Administrators' statement of proposals (2019-05-15) · Companies House register