Tough Mudder goes into administration

Thu, 06 Feb 2020 | ADMINISTRATION



Endurance events company Tough Mudder has gone into administration, appointing BM Advisory LLP, and is looking to sell its business and assets, including the company’s wholly owned subsidiary Tough Mudder GmbH, as a going concern.

According to a statement released on the company’s website, Michael Solomons and Andrew Pear of BM Advisory were appointed to act as joint administrators for the business on January 24th 2020.

Tough Mudder offers a range of endurance challenges, including 5k challenges and a 24-hour endurance course. It has held over 355 events with over 4 million participants.

It works with a number of charities and has a five-year partnership with Help for Heroes, for which it has raised in excess of £3 million.

The company will continue to trade as normal, with all scheduled UK and Germany events this year set to go ahead. Events in the US and Canada, however, are subject to court proceedings.

Tickets for 2020 events remain valid, while any further tickets purchased during the administration will be subject to the company’s refund policy, should that event be cancelled.

BM Advisory will contact all known creditors in order to advise them of the appointment and to provide the necessary documentation.

2020 is the group’s tenth anniversary and it has several major UK events scheduled for this year, with the next to take place on 17th and 18th April in Finsbury Park, London.

Tough Mudder Ltd’s accounts for the year ending December 31st 2017 show it generating turnover of £15.9 million and gross profit of £5.1 million.

Gordon Brothers, working on behalf of BM Advisory, describe the company as a “well-known endurance events business” and say there is an opportunity to acquire Tough Mudder’s tangible assets and some of its intellectual property, including customer list and websites.

A dedicated email, [email protected], has been set up for those looking to contact the administrators.


Share this article



Latest Businesses for Sale

Events/Entertainment Franchise
Buckinghamshire, UK Wide

Fantastic opportunity to secure a Franchising Event business, ready for a second half of 2020 relaunch. Ready for an extremely successful 2021, with many dates already pre-booked, new franchising opportunities & established licence agreement ready fo...

Asking Price: £695,995
Turnover: £333,000

Public House & Restaurant
Fort Augustus, Inverness Shire, Scotland, UK

The business currently operates all year round. The business is run & managed by the current owners with a selection of part time staff in the restaurant & public bar. The business has built up an enviable reputation not just locally but within the i...

Asking Price: £349,950
Turnover: £700,000

LEASEHOLD


Tour Operator
Sandhurst, Berkshire, UK Wide

Excellent relationships with Tunisian transport operators. Registration Domain names included. Bespoke Holidays – choice of luxury hotels, villa’s & apartments in 16 locations with historical tours, magical desert locations. Other activities include...

Asking Price: £99,950
Turnover: £766,551

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
07
 
Aug
 

Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

 
06
 
Aug
 

Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION

One of the UK’s leading ski tour operators Harris Holi...

 
05
 
Aug
 

Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE

Pizza Express has announced that it is seeking a buyer for i...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
03
 
Aug
 

Rental company calls in administrators | ADMINISTRATION

Extreme Powered Platforms, a UK-based rental company, has en...

 
30
 
Oct
 

Blockbuster has another turn in administration | ADMINISTRATION

Blockbuster has returned for another spell in administration...

 
25
 
Mar
 

Blockbuster business sold | BUSINESS SALE

Administrators have found a buyer for the Blockbuster chain ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources