creditors news

Following the creditors’ voluntary liquidation of United Fitness Brands (UFB) the assets have been acquired by a new company, Common Bond, headed up by UFB ... More

A creditors’ voluntary liquidation is in progress at London-based boutique operator, United Fitness Brands (UFB). Chief brand director, Hilary Rowland, has confirmed to HCM that ... More

Energy costs have pushed Active Nation into liquidation, despite the charity reporting the strongest trading period in years. Annette Reeve of Beesley Corporate Recovery was ... More

Following the completion of PureGym’s Blink Fitness acquisition, outgoing CEO, Humphrey Cobbold, and incoming CEO, Clive Chesser, lift the lid on the rollercoaster journey. “I ... 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

Fitness First UK has confirmed to HCM that it's in the process of restructuring, citing rising costs and working from home which has undermined some ... More

London Resort Company Holdings (LRCH), the company behind plans to build a theme park resort in Swanscombe, Kent, has called in administrators with the aim ... 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

The company behind fitness aggregator Hussle – Sandcroft Avenue Ltd – has collapsed, owing £5,362,000. A new company, Archway Fitness Ltd, set up on 12 ... More

The founders of boutique operator Digme Fitness have dismissed reports in the UK's national press which claimed that the company has "collapsed". The Times and ... 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

A battle to save Virgin Active is continuing, as the company works to secure a restructuring plan which would be approved by its creditors. Investors ... More

Be Military Fit (BMF) has completed a restructuring project, designed to transform the outdoor fitness provider from a centrally-led company into a franchise business. Shareholders ... More

Indoor cycling brand, Flywheel, has filed for Chapter 7 bankruptcy and closed all its US studios – just months after settling a legal case with ... More

Rainer Schaller, the founder of budget gym megabrand McFIT, has added iconic franchised chain Gold's Gym to his portfolio of fitness businesses. The deal, worth ... More

Leaders of major English sports have told MPs that they are set to lose more than £700m between them over the next 12 months. Appearing ... More

Financially troubled Bury Football Club has been expelled by the English Football League (EFL) after it failed to secure a new owner. The indebted club ... More

Female-friendly fitness operator Sweat! has closed its doors, just nine months after it revealed ambitious plans to roll out a network of in-store gyms at ... More

Bolton Wanderers Football Club (BWFC) is set to enter administration after talks to find a new owner collapsed. Current owner and chair Ken Anderson had ... More

Alpamare's waterpark in Scarborough, UK, has fended off the threat of legal action from creditors after it was able to secure a Company Voluntary Agreement ... More

Five-a-side football centre operator Powerleague will begin restructuring its business after the firm's creditors accepted plans for a company voluntary agreement (CVA). Creditors voted in ... More

A proposed Company Voluntary Arrangement (CVA) to restructure 5-a-side football operator Powerleague would lead to the closure of 13 of the company’s 50 sites in ... More

The giant Baha Mar resort complex slated for the Bahamas will resume construction in September, following a new agreement with the Bahamian government and the ... More