TRG Fitness Ltd (08852691): administration
- Status
- Administration ended
- Administration began
- 2017-10-19
- Administrators
- Paul Steven Cooper, Stephen Mark Katz
- Administrators' firm
- FRP Advisory
- Incorporated
- 2014-01-20
- Location
- London
- Industry
- 93130 Fitness facilities
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
From the administrators' statement
Whilst the Company has the potential to be profitable, it has been hit with a number of issues which are detailed below.
Shareholder Dispute
The directors have been embroiled in a shareholder dispute with a former director. The former director invested a substantial sum by way of capital and also by way of a loan from a family member. Relations broke down between the current directors and the former director in 2016. That director subsequently resigned and has been chasing repayment since that date.
Administrators' statement of proposals (2017-12-13) · Companies House register