Physioroom Limited (09921301): administration
- Status
- Administration ended
- Administration began
- 2022-01-12
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2015-12-17
- Location
- Manchester
- Industry
- 47910 Retail sale via mail order houses or via Internet
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
From the administrators' statement
Physioroom was incorporated on 17 December 2015 and is owned wholly by BHS.
The Company traded under the ‘Physioroom’ and ‘Avaris’ brands, selling physio and exercise equipment through online channels.
Physioroom operated from leasehold premises in Padiham and operated within a wider group which includes GKH Holdings Limited and Limitless Digital Group Limited. While BHS retained its two leasehold warehouses, Physioroom’s leased office space was exited on 16 January 2022, and was vacated prior to the appointment of the Joint Administrators.
Administrators' statement of proposals (2022-03-01) · Companies House register