The parent companies behind a major Australian gym chain have quietly collapsed into administration after becoming embroiled in a messy $5 million court case with several disgruntled franchisee owners.
UFC Gym Australia, which at its peak had more than 10 fitness centres in Sydney, Melbourne, Perth and the Gold Coast, is a mixed martial arts gym franchise founded in 2009.
But late last month, on May 23, Ultimate Franchising Group Pty Ltd, UFC Gym Prospect Pty Ltd and Ultimate Franchising Group Properties Pty Ltd all went into voluntary administration.
These companies held the master franchise agreement for UFC Gym Australia.
The administration came a day after two companies behind UFC Gym were ordered to pay $5.2 million to three franchis…
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