# Drop GYM & Co Limited (12747420)

> Why UK company 12747420 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12747420

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12747420/filing-history/MzQxMjIzMDYzMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12747420

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.