Concerns Raised Over Future of Daley Thompson's Gym
Daley Fitness & Gyms Ltd in liquidation but business continues to operate
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There is continued uncertainty over the future of Daley Fitness the exclusive gym on the Upper Richmond Road launched by Olympic Decathlon champion Daley Thompson after an associated company was put into liquidation.
Daley Fitness & Gyms Limited has never filed a set of accounts and Companies House records show that an extraordinary resolution to wind up the company was made in May of this year with a liquidator appointed shortly afterwards.
A report by Hacker and Young LLP, the firm that is handling the liquidation show that there is a loan outstanding of £787,000 to Metro Bank Plc which is not fully covered by the leasehold property and ‘plant and machinery’ owned by the company. The report lists the value of both as ‘uncertain’. The Metro Bank loan appears to be secured on the lease on the premises and another property in the area.
The company also has trade creditors of £366,920 and an outstanding loan of £50,000 from Gavin Sunshine one of the directors. The trade creditors include Daley Thompson himself and Wandsworth Council who are owed over £43,000. In addition HMRC are owed a substantial sum in unpaid taxes. This gives an estimated ‘total deficiency’ of £1.2 million according to the report.
Daley Thompson (known as Francis Morgan Thompson in the documentation at Companies House) ceased to be a director back in November 2016.
Mr Thompson announced he was opening a gym in Putney back in 2015. At the time he told this website that he "believes that he and his team will bring something a little different to the fitness industry"
Membership fees were high in comparison to other gyms in the area at £125 per month but a high level of personal supervision by experienced trainers was promised.
We called Daley Fitness to ask about the liquidation and a member of staff assured us "all was well" and that it was still possible to sign up for membership. We have asked Daley Thompson and the administrators to clarify the position of the gym but have had no response.
September 8, 2017