DW Sports currently operates 73 gym and 50 retail sites in the UK, 25 of the stores have already closed prior to the firm’s administration.

As a result of the administrations, all 1,704 roles across the business are at risk of redundancy, although BDO has said it will be working towards saving as many jobs as possible through a possible sale of all or part of the business as a going concern.

Trading through the DW Sports website has also ceased with immediate effect.

Closing-down sales have commenced across the remaining retail sites, with discounts being applied across all product lines.

Consistent with the relevant government guidelines, 59 gym sites have re-opened in England and Northern Ireland.

The remaining 14 gym sites in England, Wales and Scotland will re-open where possible in accordance with the latest government guidelines for those locations.

In the meantime, the joint administrators intend to explore the sale of as much of DW Sports’ business as can be achieved.