By Eliza Mcphee and Makayla Muscat For Daily Mail Australia
00:10 23 May 2024, updated 00:18 23 May 2024
A fitness company has cancelled memberships and sacked its entire workforce following its collapse.
Earlier this month, Corporate Fighter said it had ‘ceased operations’ and let go of its workers.
The Sydney-based company offered a 10-week boxing course for amateurs, usually those who work in corporate industries, which would culminate in a gala night where boxers would go head-to-head.
Around 40 tables at each event would sell for between $2,000 and $3,000, where some of the proceeds would be donated to charity.
Clients also received an email informing them the company had gone into administration.
Sole director Josh King said the boxing business had been facing ‘financial challenges’ and that he was going to wind up the company ‘in coming weeks’ due to the ‘severity’ of its money woes.
But before that could happen, the company has now gone into receivership.
Glenn Franklin and Jason Stone of restructuring firm PKF Melbourne took over the company and are now acting as its receivers, ASIC documents show.
The next charity gala night had been scheduled for earlier this month, but Corporate Fighter sent their customers an email saying they had gone into administration before it could go ahead.
‘I understand the impact this decision may have on you personally, your guests, our sponsors, and supporters, and I sincerely apologise for any disruption this may cause to your plans and expectations,’ he wrote.
‘Sadly, this closure also means that all of our dedicated staff members have been let go … We deeply regret any inconvenience this may cause them.’
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Staff also claimed to be owed final wages and unpaid superannuation.
Launched in 2019, the company previously described itself as a fun and challenging program for everyday corporates 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 Centre and Melbourne Pavilion.
Daily Mail Australia contacted Corporate Fighter for comment.