Fitness Direct Franchising Limited (06391606): administration
- Status
- Administration ended
- Administration began
- 2020-06-23
- Administrators
- Philip Lewis Armstrong, Alastair Massey
- Administrators' firm
- FRP Advisory
- Formerly
- Energie Direct Franchising Limited; Energie Fitness Clubs (England & Wales) Limited
- Incorporated
- 2007-10-05
- Location
- London
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
On the 20 March 2020, the Government ordered all gyms to close to combat
' the spread of Covid-19 leading to gym memberships either being frozen or
cancelled. The franchisees were, therefore, not receiving any income and therefore were not paying their fees to the Group. .
Administrators' statement of proposals (2020-09-01) · Companies House register