M R Life Trading Limited (11321839): administration
- Status
- Administration ended
- Administration began
- 2024-02-12
- Incorporated
- 2018-04-20
- Location
- London
- Industry
- 86900 Other human health activities
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Parent or group failure
From the administrators' statement
M R Life Trading Limited, a wellness and fitness club offering personal fitness and health services, was incorporated on 18 April 2018 by its Directors, Matthew and Jonathan Roberts. The Company's initial start-up capital was funded by its parent company, M R Life Limited, through intercompany loans. These loans were received from the Loan Note Holders of MR Life Limited and were used to set up the facility, including purchasing gym equipment, furniture, and fittings, as well as making improvements to the property to ensure its functionality and intended use.
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Administrators' statement of proposals (2024-05-15) · Companies House register