# GYM BUG Limited (07880628)

> Why UK company 07880628 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07880628

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07880628/filing-history/MzIyMTE2MjM4NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07880628

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