The Athlete Factory Ltd (08903912): administration
- Status
- In administration
- Administration began
- 2025-04-16
- Administrators
- Jason Ainge, Andrew Graham Mackenzie
- Administrators' firm
- Begbies Traynor
- Formerly
- Athlete Performance Limited
- Incorporated
- 2014-02-20
- Location
- Leeds
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated as Athlete Performance Limited in 2014 by Mr Philip Greening, a retired professional rugby union player, as the sole director and shareholder of the Company. The business traded as a functional fitness centre operating from leasehold premises at Chester Rugby Club (“the Club”).
It is understood that initial funding to the Company may have been provided by Shelley Capital Management LLP (“SCM”), of which Jonathan Shelley, the 25% shareholder and a former director of the Company is a designated member, and security was granted to SCM in August 2017. SCM’s security was satisfied in January 2019, which we understand followed a re-finance with HSBC Bank (“HSBC”) and HSBC advanced a secured loan of £700,000 to the Company.
In March 2020, the UK government imposed a nationwide lockdown among other restrictions as a response to the COVID-19 pandemic. The initial result was a halt in trade for the Company due to restrictions being imposed on meeting in public places and the use of public gymnasiums during the pandemic. During this period, the Company obtained a Bounce Back Loan (“BBL”) with HSBC UK Bank Plc for the sum of £26,172 and subsequently took out a Covid Recovery Loan Scheme (“Recovery Loan’) with HSBC for the sum of £25,010 in order to seek to assist with re-commencing trading.
Administrators' statement of proposals (2025-06-10) · Companies House register