Popular health food company Bounce has entered voluntary administration.
Bounce had been popular for its range of protein balls and other health snacks, however, the company has fallen on tough times.
Documents published by the Australian Securities and Investments Commission (ASIC) last Friday have shown that Natural High Co Pty Ltd, which operates Bounce Foods, has entered administration.
John McInerney and Philip Campbell-Wilson have been appointed as administrators.
Natural High Co went into voluntary administration due to a heavy debt burden, largely due to a failed attempt to successfully launch in the US in 2016, which cost the company (approximately) $6m, Mr McInerney told 7News.
This heavy debt burden inhibited the companys abili…
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