I-Motion Fitness Limited (11448772): administration
- Status
- Administration ended
- Administration began
- 2019-06-04
- Administrators
- Lisa Jane Hogg, Kelly Burton
- Administrators' firm
- Wilson Field
- Incorporated
- 2018-07-04
- Location
- Sheffield
- Industry
- 93130 Fitness facilities
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Property / lease costs
- Weak consumer demand
- Competition / price pressure
From the administrators' statement
The information provided in this section is based upon the Company's records, information provided by the Company and the explanations of its director and secured creditor. The key personnel involved in the provision of this information was the Company’s director and representatives of its secured creditor, AIF. The Joint Administrators cannot, therefore, be held personally liable for any errors or misstatement of fact contained therein.
The Company was incorporated on 4 July 2018 by director Richard Thompson. The Company was a successor business to i-Motion Gym Limited (“the Predecessor’), which went through an Administration process with Duff and Phelps ("D&P”). D&P traded the Predecessor's business in Administration before agreeing a going concern sale of its business and assets to the Company. The sale completed on 6 July 2018. 1.19
1.20
Administrators' statement of proposals (2019-07-09) · Companies House register