Lakeland Initiative For Fitness and Excellence Limited (06552470): administration
- Status
- Administration ended
- Administration began
- 2011-05-10
- Administrators
- Dean Anthony Nelson
- Administrators' firm
- Smith Cooper
- Incorporated
- 2008-04-02
- Location
- Derby
- Industry
- 7487
Why it went into administration
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Rising costs / inflation
- Creditor pressure / legal action
- Property / lease costs
- Weather / natural events
From the administrators' statement
Lakeland Initiative for Fitness and Excellence Limited (‘LIFE’) was incorporated on 2 April 2008 with Rod Huffman, Viv Dodd and Sean Thornton being appointed directors. The Company purchased the business and assets as a going concern of the Troutbeck Bridge swimming pool from its Administrator.
The Company operated out of leasehold premises at Windermere Road, Troutbeck Bridge, Windermere, Cumbria LA23 1HP offering swimming lessons and sessions for all ages and abilities. LIFE also introduced a 25 station fitness studio and vibro plate gym to offer wellness and exercise programmes and members were encouraged to join at affordable membership rates.
It was recognised from the outset that it would take several years and significant investment to turn the centre around having subsequently been in Administration and South Lakeland District Council ("SLDC")
Administrators' statement of proposals (2011-05-27) · Companies House register