A sydney franchise of UFC Gym Australia has collapsed into liquidation, owing $1.2million.
UFC Macarthur Square, based in Sydney’s south-west, went into liquidation a month ago, with all employees sacked a few days later.
It comes after the parent companies behind the UFC Gym Australia brand collapsed in May, following a damning court judgement which ordered the owners to pay over $5million back to disgruntled franchisees.
A trio of parent companies for UFC Gym Australia, a mixed martial arts gym franchise founded in 2009 with fitness centres in Sydney, melbourne/index.html” id=”mol-2ce21320-13a1-11ee-a106-b3c76fc378a8″ target=”_self”>Melbourne, perth/index.html” id=”mol-2ce56e80-13a1-11ee-a106-b3c76fc378a8″ target=”_self”>Perth and the gold coast, went into voluntary administration on May 23.
UFC Macarthur Square (pictured), based in Sydney’s south-west, went into liquidation a month ago, with all employees sacked a few days later
It is the seventh branch to go under or leave the embattled UFC Gym brand in the past six months
The collapse of the Macarthur Square gym marks the seventh branch to go under or leave the UFC Gym brand in the past six months.
Ian Niccol of insolvency firm Aston Chace Group was appointed liquidator for UFC Macarthur Square, according to news.com.au.
Mr Niccol reportedly lodged a document with ASIC which shows that the business has debts of…
