Corporate Fighter collapse: Sydney fitness company goes into administration, cancelling all memberships and laying off staff
A fitness company has canceled memberships and laid off all its staff after falling into administration, just days before a major gala evening was due to be held.
Corporate Fighter announced on its website on Wednesday that it has ‘discontinued’.
Customers also reportedly received an email informing them that the company had gone bankrupt.
The Sydney-based company offered a ten-week boxing course for amateurs, which would culminate in a gala evening.
About 40 tables at each event would sell for between $2,000 and $3,000, with a portion of the proceeds donated to charity.
Corporate Fighter, which suddenly went bankrupt, has furloughed all its staff and canceled memberships
The fitness company announced on its website on Wednesday that it has ‘discontinued’.
This is what an insider who worked for a Corporate Fighter supplier said news.com.au that the company had been in trouble for months and had to enter into a repayment plan last year.
“Actually one event would be worth it, they were always a little behind,” the insider claimed.
Staff also claimed they were still owed final wages and unpaid pension.
The company launched in 2019 and previously described itself as a fun and challenging program for everyday businesses of all shapes, sizes and backgrounds.
It hosted numerous events including fight nights at major venues around Australia including the Hilton Hotel and Doltone House in Sydney, Newcastle’s Wests, Brisbane’s Royal International Convention Center and Melbourne Pavilion.
A gala evening planned for next week has been cancelled, leaving people without money
The next charity gala evening was scheduled for next week, but Corporate Fighter sent their clients an email saying they had gone into administration before it could go ahead.
According to the Australian and Securities Investments Commission (ASIC), the company is still under the control of its sole director, Josh King.
It is understood that people have not been able to contact him and his social media has been deleted in recent days.
Daily Mail Australia has contacted Corporate Fighter for comment.