# The Core Collective Health Limited (08944434)

> Why UK company 08944434 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08944434

- **Status:** Administration ended
- **Administration began:** 2022-04-14
- **Administrators:** Allister Manson, Steven John Parker
- **Administrators' firm:** Opus Restructuring
- **Incorporated:** 2014-03-18
- **Location:** Milton Keynes
- **Industry:** 93130 Fitness facilities

## Why it went into administration

- Cash flow / liquidity pressure
- Property / lease costs

## 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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08944434/filing-history/MzM0MjEyNjQ0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08944434

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