Body In Balance Ltd (06253069): administration
- Status
- Administration ended
- Administration began
- 2011-11-04
- Incorporated
- 2007-05-18
- Location
- London
- Industry
- 9212
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
- Over-expansion / investment not recovered
From the administrators' statement
21 The Company was incorporated in May 2007 to operate as a motion picture and video distribution company !n practice, tt operated the Body in Balance TV channel on BskyB The channel specialises in showing health and fitness programmes with an emphasis on yoga and pilates Revenue was generated through the sale of health and fitness DVD's, gym equipment and healthcare products on the Body in Balance website
22 In February 2011, the 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, two remained, and another director was appointed to represent the new investors The acquisition included a subsidiary company, Body in Balance Productions Limited
23 Following the acquisition, the new shareholders injected approximately £1 3 million into the company with the aim of developing the Body in Balance brand Together, the compames traded as Body in Balance TV They created another subsidiary, Be Happy Productions Limited to facilitate 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 million into the group
Administrators' statement of proposals (2012-02-23) · Companies House register