Boom Spin Ltd (07221639): administration
- Status
- Administration ended
- Administration began
- 2024-02-05
- Administrators
- William James Wright, Howard Smith
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2010-04-13
- Location
- London
- Industry
- 93199 Other sports activities
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Regulatory change or action
From the administrators' statement
The entity that is subject to the SIP 16 memorandum is Boom Spin Ltd (the “Company”), which was incorporated on 13 April 2010. The Company operates indoor spin classes in two leased studios in London (Battersea and Hammersmith). The Company previously operated from a third leased site in Holborn, however the lease expired on 8 December 2023 and the Company no longer trades there.
The Company is 100% owned by United Fitness Brands Limited (“UF8”) and in turn is 100% parent of CycleBeat Limited, which no longer trades.
The Company has two Directors, Hilary Rowland and Robert Rowland, who are also the founders of the Company.
Administrators' statement of proposals (2024-02-24) · Companies House register