Black Murphy Limited (06320498): administration
- Status
- Administration ended
- Administration began
- 2022-02-14
- Administrators
- Christopher James Farrington, Simon Jagger
- Administrators' firm
- ReSolve
- Incorporated
- 2007-07-23
- Location
- London
- Industry
- 93130 Fitness facilities
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
Black Murphy Limited t/a Move Your Frame was incorporated on 23 July 2007 and commenced trading shortly thereafter, providing innovative fitness services. Over the next few years the Company established a strong brand and reputation, operating from seven fully equipped leasehold sites across Central London, namely Oxford Street, Farringdon, Shoreditch, Angel, Kings Cross, Victoria, Fitzrovia and Hammersmith, with an average size of 5,500 sq. ft and up to four studios at each site.
The Company had circa 50 full time employees plus a number of self-employed fitness trainers and free-lancers, a client base made up of approximately 8,000 regular customers and database of over 90,000 users supported by well-established social media presence across all major platforms
In 2018, the Company obtained private equity investment from Piper to fund expansion and open new locations, and by the start of 2020 it was delivering record revenues and actively seeking debt funding for further expansion.
Administrators' statement of proposals (2022-02-28) · Companies House register