Drop GYM & Co Limited (12747420): administration
- Status
- Administration ended
- Administration began
- 2024-02-16
- Administrators
- Lane Gary Bednash, Adam Price
- Administrators' firm
- CMB Partners
- Incorporated
- 2020-07-16
- Location
- London
- Industry
- 93110 Operation of sports facilities
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
Creditors should note that, unless otherwise stated, the section regarding the trading history has been prepared based on the information provided by Scott Hurst (‘the Director’) and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 16 July 2020 and Andrew Gbormittah and Scott Hurst were appointed as directors. Andrew Gbormittah resigned as director on 4 January 2024, leaving Scott Hurst as the sole director. There have been no further changes in directorship since 4 January 2024.
The Company was formed to operate as a high end gym in order to assist people to improve their physical and mental health.
Administrators' statement of proposals (2024-02-28) · Companies House register