F45 Training Fulham Limited (10788982): administration
- Status
- Administration ended
- Administration began
- 2023-12-12
- Incorporated
- 2017-05-25
- Location
- Hollinwood
- Industry
- 93130 Fitness facilities
Why it went into administration
- COVID-19
- Rising costs / inflation
- Property / lease costs
From the administrators' statement
The Company was incorporated on 25 May 2017 by the founding Directors Mr Neville Kenwright and Mr Steven Worboys. Mr Warboys resigned on 1 June 2020 leaving Mr Kenwright as the sole director. The Company offered health and fitness services and relied on the Director’s wealth of 20 years’ experience in the industry.
The company holds 200,000 ordinary shares with a nominal value of £0.0005 with Mr Kenwright holding 50% of the shares. Mr William Richard holds 25% of the shares and Mr Karl Guirguis holds the remaining 25% of the shares.
Business was driven mainly through social media, word of mouth and general advertising. Initial start-up costs were funded by a private loan and third party investments. There have also been bank loans throughout the course of trading.
Administrators' statement of proposals (2024-01-24) · Companies House register