GYM BUG Limited (07880628): administration
- Status
- Administration ended
- Administration began
- 2018-10-12
- Administrators
- Neil Charles Money
- Administrators' firm
- Cba Business Solutions
- Incorporated
- 2011-12-13
- Location
- Leicester
- Industry
- 93130 Fitness facilities
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Funding withdrawn / unable to refinance
From the administrators' statement
Please note that the following trading background has been provided by the Director of the Company.
The Company was incorporated on 13 December 2011 and operated as a profitable gym and leisure complex situated in St. Hefens.
In August 2015 the business was purchased by MW Leisure Estates Limited (“MWLE”), a company Mr Mark Williams was formerly a Director of, purchased Gym Bug Limited from FX Leisure for £330,000, on a deferred payments arrangement
Administrators' statement of proposals (2018-12-04) · Companies House register