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UK Sportswear Company Supplying British Gymnastics Enters Liquidation After 30 Years
A review found the Lancashire leotard maker was no longer commercially viable, and Moorfields Advisory will seek offers for its assets.
- Preston-Based Milano Pro-Sport has entered creditors' voluntary liquidation after 30 years in business, with a formal statement revealing the business was "no longer commercially viable for the company to continue trading."
- Major shareholder CEPS plc announced the liquidation on Monday, July 6 following a financial review that showed Milano recorded a £156,571 pre-tax loss on £1.85 million turnover for the year ended December 31, 2025.
- Moorfields Advisory has been appointed to oversee the liquidation and invite asset offers, while the Milano website currently displays a message stating the server is "temporarily unavailable."
- Friedman's Ltd, which is 67.5% owned by CEPS, expects to write off approximately £600,000 from intercompany balances owed by Milano as a result of the liquidation process.
- This insolvency adds to a difficult year for the UK retail sector, which has seen numerous high street brands and travel companies enter administration or liquidation throughout 2026.
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Leaning Left1Leaning Right0Center13Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
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