Absolute Running Limited (08128486): administration
- Status
- Administration ended
- Administration began
- 2018-01-30
- Administrators
- Michael Robert Fortune, Carl Derek Faulds
- Administrators' firm
- Proudley Associates
- Incorporated
- 2012-07-03
- Location
- Fareham
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- Cash flow / liquidity pressure
- Management failings / irregularities
From the administrators' statement
Gary Carter and his son founded the business, Absolute Running, in 2011 when they joined Nobes Sports, a well established sports shop in Stoke Road, Gosport, Hampshire, to act as their in house running specialists. Mr Carter and his son, Harry, quickly established a reputation amongst the running fraternity as people who could be trusted to provide a bespoke service from gait analysis and injury prevention to shoe selection and training support.
Absolute Running Limited was incorporated in July 2012 and in September 2012, Nobes Sports decided ta sell its business assets and goodwill. This seemed to be an ideal opportunity for Absolute Running Limited and a sale was completed.
The company continued to grow as more local runners came into the shop for advice and to purchase running shoes, clothing and accessories. The company introduced a portfolio of local races, including the Gosport Golden Mile, summer 5k races and a wheelchair half mile sprint.
Administrators' statement of proposals (2018-03-23) · Companies House register