A fitness company has cancelled memberships and sacked its entire workforce after it plunged into administration just days before a major gala night was scheduled to be held.
Corporate Fighter announced its website on Wednesday that it had ‘ceased operations’.
Clients also reportedly received an email informing them the company had gone into administration.
The Sydney-based company offered a 10-week boxing course for amateurs which would culminate in a gala night.
Around 40 tables at each event would sell for between $2000 and $3000, where some proceeds would be donated to charity.
Corporate Fighter, which suddenly collapsed, terminated all their staff and cancelled memberships
The fitness company announced on its website that it had ‘ceased operations’ on Wednesday.
One insider who worked for a supplier of Corporate Fighter told news.com.au that the business had been struggling for months and had to enter into a payment plan last year.
“Basically one event would pay it off, they were always a bit behind,’ the insider claimed.
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.
A gala night scheduled for next week has been cancelled, leaving people out of pocket
The next charity gala night had been scheduled for next week, but Corporate Fighter sent their customers 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’s understood that people have been unable to get in contact with him and his social media has been deleted in recent days.
Daily Mail Australia contacted Corporate Fighter for comment.