Thu, 04 Oct 2012 | ADMINISTRATION
Power Plate International, the popular manufacturer and distributor of specialist vibrating gym equipment, has called in administrators.
Insolvencynews.com has reported that the company has called in insolvency practitioners, Paul John Clark and Philip Francis Duffy from Duff & Phelps, to handle the administration.
The company has been a major supplier to the chain of Virgin Active gyms and featured heavily in a mass advertising campaign carried out by the chain in London last year, which saw advertising material posted particularly heavily on the London Underground.
It is thought that the company – which has operations and distributors across the globe and operates in London from offices in Marylebone – called in the administrators at the end of last week, after failing to capitalise on the major advertising push or from high-profile celebrity endorsements.
The equipment has been used by some of Wales’s top professional rugby players, and celebrities including Claudia Schiffer and Anna Friel have spoken out in support of the effects of the equipment. Schiffer said, “As a working mother with a hectic work schedule, using the Power Plate machine helps me stay in shape without having to spend hours in the gym.”
Serving blue-chip data management and security technology clients across the globe, this disruptive software development company provides tools and services to assess, repair, and recover, and migrate enterprise backup products.
Operating internationally, the company delivers tailored electrical distribution and control solutions to public and private sector clients across a wide range of industries.
This substantial 43-bedroom urban hotel, situated just 5 miles from Newcastle city centre, offers an exceptional investment opportunity with its prime trading location and extensive public areas, including a popular bar and refurbished function room.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.