From the administrators' statement

3.1 Attached at Appendix Ill is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.

3.2 By the start of 2022, it had become apparent that the Company required funding above the level available to it by its bank and neither the Company, nor its investors, were in a position to advance the necessary funding in order to pay wages and other costs due: notably, the rent and finance agreements in respect

of the gym equipment leased from a finance provider. Third party investment was sought by the Board of Directors and seemingly had been secured, only for the proposed investor to pull out at the last moment, without warning, leaving the Company in a parlous financial position.

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Processing now

The Core Collective Health Limited (08944434)

Export CSV