A fitness company has canceled memberships and laid off its entire workforce after it went into administration just days before a big gala night.
Corporate Fighter announced on its website Wednesday that it had “ceased operations.”
Customers also reportedly received an email informing them that the company had gone into administration.
The Sydney-based company offered a 10-week boxing course for amateurs that would culminate in a gala night.
About 40 tables at each event would sell for between $2,000 and $3,000, with part of the proceeds donated to charity.
Corporate Fighter, which suddenly collapsed, laid off its entire staff and canceled memberships.
The fitness company announced on its website that it had “ceased operations” on Wednesday.
A source who worked for a Corporate Fighter supplier said news.com.au that the company had been struggling for months and had to enter into a payment plan last year.
“Basically, an event would pay off, they were always a little behind,” the source says.
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.
A gala night scheduled for next week cancelled, leaving people without money
The next charity gala night was scheduled for next week, but Corporate Fighter sent its clients an email saying it had gone into administration before it could take place.
According to the Australian Securities Investment Commission (ASIC), the company is still under the control of its sole director, Josh King.
It is understood 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.