An inner-city Brisbane gym has gone into voluntary liquidation this week.
It was resolved at a company meeting on November 8 that Air Locker Training in Newstead would be wound up and liquidators would be appointed.
Air Locker Training is a group fitness gym, simulating a high-altitude environment.
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The chain’s website boasts 26 locations across Australia, with four set to open soon.
But the Newstead location has now closed, with its social media pages removed.
Bill Cotter from Robson Cotter Insolvency Group in Woolloongabba has been appointed as liquidator.
The gym had “less than half a dozen employees” and “not very many creditors”, Cotter said.
The membership numbers were also small, he said.
Initial estimates indicate the debt owed by the gym is “probably under $200,000”, Cotter said.
The liquidators will now look at the gym’s assets and who has a claim for debt owed. If you’d like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide.
Source : 7news.com.au