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.
liquidation.” class=”css-16r7l45-StyledImage en5ut4d0″ loading=”lazy”/>liquidation.” class=”css-tl044d-StyledNoScriptImage-StyledImage eu9mom10″/>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.
A 1970 Ford XY Falcon kept under a Brisbane home for 50 years is going to auction and could fetch the owner a pretty penny.
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