Affordable Fitness Limited (07039735): administration
- Status
- Administration ended
- Administration began
- 2023-06-30
- Administrators
- David Birne, Stephen Mark Katz
- Administrators' firm
- Begbies Traynor
- Formerly
- Fitness Community Limited
- Incorporated
- 2009-10-13
- Location
- London
- Industry
- 93130 Fitness facilities
Why it went into administration
- COVID-19
- Weak consumer demand
- Parent or group failure
From the administrators' statement
The Company operated as a chain of low-cost gyms, with sites in Canning Town, Cambridge Heath and Worcester. The Company had traded profitably, until early 2020, when the Covid-19 pandemic struck, which caused a disruption to the business, with lengthy periods of time where the gyms were closed, due to government enforced lockdowns. Even after the lockdowns ended, the social distancing measures led to a big reduction in footfall and had an unprecedented effect on the industry. However, despite the lack of footfall, business expenses continued to accrue.
Stuart Rosenberg, Inducta House Fryers Road, Bloxwich, Walsall,
The administrators act as officers of the court and as agents of the Company without personal liability. Any act required or authorised under any enactment to be done by an administrator may be done by any one or more persons holding the office of administrator from
Administrators' statement of proposals (2023-08-29) · Companies House register