A fitness company collapsed, canceling memberships and laying off its entire workforce.
Corporate Fighter said it had “ceased operations” on May 8 and laid off staff.
The Sydney-based company offered a 10-week boxing course for amateurs, usually those working in corporate industries, which would result in a gala night where boxers would go head to head.
About 40 tables at each event would sell for between $2,000 and $3,000, with part of the proceeds donated to charity.
The company went into receivership last week with Glenn Franklin and Jason Stone of restructuring firm PKF Melbourne taking over, ASIC documents show.
Corporate Fighter, which suddenly collapsed, laid off its entire staff and canceled memberships.
Sole director Josh King said earlier this month that the boxing business had faced “financial challenges” and that he was winding down the company in the coming weeks.
The next charity gala night was scheduled for earlier this month, but Corporate Fighter sent its clients an email saying they had gone into receivership before it could take place.
“I understand the impact this decision may have on you personally, your guests, our sponsors and fans, and I sincerely apologize for any disruption this may cause to your plans and expectations,” King wrote.
“Unfortunately, this closure also means that all of our dedicated staff members have been made redundant… We deeply regret any inconvenience this may cause you.”
A customer said news.com.au He was supposed to fight Friday night and lost $6,500 from the company’s collapse.
Another Brisbane client had to take Corporate Fighter to Fair Trading after his fight was repeatedly postponed.
He and 16 others had signed up for the event in late 2022, but it was continually postponed until December of the following year.
Then the fight was canceled just four days later.
The fitness company announced on its website that it had “ceased operations” effective May 8.
‘Between the 17 of us, we had paid almost $80,000 in table purchases. You had a contractual obligation to buy two tables. “We’re all facing $5,000,” he told the publication.
“People had arranged for friends and family from interstate to come and watch.”
He claims five members of the group have yet to receive their refunds.
Staff also claimed they were owed final salaries and unpaid pensions.
Launched in 2019, the company was previously described 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 across Australia including the Hilton Hotel and Doltone House in Sydney, Newcastle’s Wests, Brisbane’s Royal International Convention Center and the Melbourne Pavilion.
Daily Mail Australia has contacted Corporate Fighter for comment.
The Sydney-based company offered a 10-week boxing course for amateurs, usually those working in corporate industries, which would result in a gala night where boxers would go head to head.