If yesterday’s interim examinership petition tells us anything, it’s that Bio-Medical Research, the Galway-based company behind world-leading abs buster Slendertone, has quite a way to go to return to core fitness. The firm has €8.6 million of overdue trade creditors and is paying cash on delivery to its main suppliers. Latest accounts suggest it is carrying a net liability of close to €15 million. These are far from healthy signs for a business that was profitable as recently as three years ago when it secured €7.5 million in finance to roll out new products, and which back in 2015 launched…

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