# Signature Living Lifestyles Limited (09418251)

> Why UK company 09418251 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09418251

- **Status:** In administration
- **Administration began:** 2022-08-05
- **Administrators:** Robert Armstrong, Benjamin John Wiles
- **Administrators' firm:** Kroll
- **Incorporated:** 2015-02-03
- **Location:** London
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- COVID-19
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Competition / price pressure

## From the administrators' statement

The Company trades as a landlord as holder of a long leasehold title to the Gym situated in Millennium House, Liverpool. The Gym is subject to a 10-year lease with the Council commencing 19 February 2015, expiring on 18 February 2025 with a passing rent of £110,376 per annum

In the lead up to the COVID-19 lockdown the Gym faced a number of challenges, in what was an increasingly competitive fitness market in the city centre.

The Gym was closed as a result of the COVID-19 lockdown measures, however following a post-lockdown review of the service by the Council, the decision was made not to re-open the Gym. The Council has continued to meet its obligations under the lease granted by the Company.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09418251/filing-history/MzM1Mzc2NTE1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09418251

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