Insolvency news

Frasers Group, owner of Everlast Gyms, has acquired the assets of WIT Fitness from administrators RG Insolvency, adding the brand to its portfolio. A health ... More

Fitness First has filed a Court Order for restructuring at Companies House in the UK – the document is currently being processed, with details due ... More

Boutique operator TRIB3 is restructuring to refocus on international growth and franchising. The company will move out of direct operations and consolidate its global headquarter ... More

Temporary measures brought in to support businesses in the UK from insolvency during the pandemic will be phased out from 1 October, the government has ... More

A court has given Virgin Active the green light to erase the rent arrears it had accrued during pandemic lockdowns. The wiping out of the ... More

Thousands of UK gyms could go out of business if they're forced to pay full rent payments, which are due at the end of this ... More

Commercial property landlords in the UK will no longer be able to take legal action against tenants who have not paid their rent due to ... More

The legislation intended to protect commercial tenants from eviction during the coronavirus (COVID-19) pandemic has a loophole, which could see hundreds of gyms and leisure ... More

The UK's Digital, Culture, Media and Sport Committee (DCMS) will meet this week to hear from charities over the level of government support needed to ... More

ukactive’s new strategic partner, QuikSwitch, has urged gym operators concerned about the impact of coronavirus on their business not to make any immediate decisions to ... More

Fans of Bolton Wanderers Football Club (BWFC) have launched a bid to buy the beleaguered Championship club. The Bolton Wanderers Football Club Supporters Trust (BWFCST) ... More

Football supporters will be able to bid for their clubs in insolvency situations with the Premier League pledging £1m (US$1.4m, €1.3m) to provide support on ... More

Heritage theme park Dreamland is in troubled waters, entering into a voluntary debt plan just six months after the historic attraction reopened to the public. ... More

Potential new owners are circling Bolton Wanderers (BWFC) as the football club attempts to stave off the growing threat of administration. The Championship club failed ... More

The coalition government has launched a new initiative aiming to ensure football fans have more say in the running of their clubs. The Supporter Ownership ... More

Sports Direct owner Mike Ashley is reportedly thought to have bought the naming rights for Ibrox Stadium – the home of Rangers Football Club – ... More

An abandoned German theme park that has been derelict for 13 years could soon be rescued from disrepair after the city of Berlin purchased its ... More

The number of sports clubs and facilities going bust has fallen by a third in the year since the 2012 London Olympic Games. According to ... More

A study into corporate insolvency numbers has reported little improvement in the hospitality and leisure (H&L) sector, according to PricewaterhouseCoopers (PwC). During the first quarter ... More