# Wellfit Direct Limited (07463029)

> Why UK company 07463029 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07463029

- **Status:** Administration ended
- **Administration began:** 2016-10-21
- **Administrators:** Tracy M Clowry, Gareth Hunt
- **Administrators' firm:** Ams Accountants Medical
- **Incorporated:** 2010-12-07
- **Location:** Handforth
- **Industry:** 93130 Fitness facilities

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency

## From the administrators' statement

Wellfit Direct Limited (“the Company”) (Company Registration Number 07463029) was incorporated on 07 December 2010 and commenced trading shortly thereafter as an online shopping website for sports and fitness equipment and accessories

Initially the Company had 4 shareholders with shareholdings of 25% each In 2013, Thunder Road Leisure Ltd acquired a further 25% shareholding

Unfortunately, sales were not as anticipated and it was therefore decided in 2013, that the Company would head in a different direction and focus on income they believed could be generated from the rental of spin bikes to commercial health clubs

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07463029/filing-history/MzE2NTkzMzYzMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07463029

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.