Posts tagged “Business failure”

Power Plate International collapses into administration

An industry colleague advised me today that Power Plate International Ltd trading as 'Power Plate' has collapsed into administration. When I looked into this, Paul John Clark and Philip Francis Duffy of Duff & Phelps Ltd were appointed Joint Administrators on 24th September 2012. This is the same firm appointed ...

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How will the Collapse of Belmont Finance Affect Small UK Gyms?

Belmont Finance (UK) Ltd, a company that has been collecting and administering membership collections since 1994 for a large number of independent health and fitness clubs, has collapsed. Belmont collected membership subscription income for up to 180 UK health clubs and small gyms. The Belmont Business Acting as a licensed bacs collections ...

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Esporta parent company goes into administration

>The Esporta story takes a further twist today when Grant Thornton were appointed as administrators for Bell Leisure Investment, Esporta's parent company. What must staff, members, suppliers and stakeholders be thinking? Recently, I was thinking of cancelling my Esporta membership through lack of use, but how can I leave now. ...

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Another Health Club Chain Bites the Dust

I have just received details that Profiles for Women, a UK based health club chain for women has gone bust (officially in administrative receivership). As I write, these clubs have an `average` paying membership of around 500 members and turnover of around £200,000 per club. Not great, given that many ...

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