The administrators called in to look for potential investors for two firms set up by Leicestershire fitness expert Rosemary Conley have issued the following comment:
The Board has taken a responsible decision - going into early administration creates a restructuring opportunity. Our initial priority is to restructure the business and explore the clear potential for investment. Sadly the process involves some difficult decisions including the need to make a number of employees redundant”.
Six staff are being made redundant at the firm's HQ in Quorn. It's after a slump in magazine sales and debts from the launch of a digital TV channel were revealed.
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Most areas will have increasing cloud and some northern areas will turn misty with possible fog by the end of the night.
Dry and mild overnight. Some heavy showers on Saturday.
Leicester City have announced they are hosting a victory parade in the city on Monday 16 May.