Body In Balance Productions Limited (06055728): administration
- Status
- Administration ended
- Administration began
- 2011-12-01
- Administrators
- Edwin David Stanley Kirker
- Administrators' firm
- Begbies Traynor
- Formerly
- Fitontv Limited
- Incorporated
- 2007-01-17
- Location
- London
- Industry
- 9211
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Over-expansion / investment not recovered
From the administrators' statement
The Company was incorporated in January 2007 to operate as a motion picture and video distribution company In practice, tt produced and sourced content for the Body in Balance TV Channel on BSkyB The channel specialised in showing health and fitness programmes with an emphasis on yoga and pilates Revenue was generated through the sale of content to the parent company, Body in Balance Limited, who held the broadcasting licence, and online sales of DVD’s and yoga equipment
In February 2011, the parent company was acquired for £200,000 by Body in Balance investments Limited, a company registered in the Marshall Islands. Three of the onginal directors resigned and another director was appointed to represent the new investors The acquisition included, Body in Balance Productions Limited
Following the acquisition, the new shareholders injected approximately £1 3 million tnto the group with the aim of developing the Body in Balance brand Together, the companies traded as Body in Balance TV They created another subsidiary, Be Happy Productions Limited to faciltate the development and production of in-house content In keeping with the expansion plans, the group moved from offices in Bedford Avenue, London to upgraded offices on the 11" Floor, Centre Point, London In total, the new owners invested approximately £1 5 milion into the group
Administrators' statement of proposals (2012-02-27) · Companies House register