Sunshine Coast’s Keto Lean Pty Ltd brings in liquidators
A Sunshine Coast personal trainer’s company specialising in weight loss shakes and diet plans has brought in liquidators after accumulating hundreds-of-thousands in debt.
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A Sunshine Coast personal trainer’s company specialising in weight loss shakes and diet plans has brought in liquidators after accumulating hundreds-of-thousands in debt.
The Baringa-based company Keto Lean Pty Ltd, which primarily sold weight loss, meal replacement shakes and keto diet plans, appointed Anne Meagher from SV Partners as liquidator on March 28, 2024.
Australian Securities and Investments Commission documents stated Golden Beach man and personal trainer, Jaxon Calder was the director of the company which began trading in 2020.
The ASIC documents detailed a debt of $170,584 owed by the company to a related party, J & J Calder Company Pty Ltd.
Ms Meagher stated in the company’s liquidation report both Keto Lean and J & J Calder Company were directed by Mr Calder.
“I am liaising with the director to seek details of the amounts owed to J & J Calder Company Pty Ltd and to obtain copies of documents in relation to the security claim,” Ms Meagher said.
The Australian Taxation Office is also owed approximately $97,430, according to the documents.
Ms Meagher stated in the documents the company’s stock was sold before her appointment and the business had been wound up.
“The director has advised the company’s stock was sold prior to the liquidation during the winding down of the company’s business,” Ms Meagher said.
“I will conduct investigations into the sale of the company’s stock and the distribution of the sale proceeds as part of the liquidation.”
Ms Meagher also explained in the report a lack of funds had meant no investigation into any possible insolvent trading had taken place during the liquidation.
“In the absence of sufficient funds being recovered into the liquidation from other sources, I am not prepared to personally fund further investigations into the company’s affairs or any possible insolvent trading claim,” Ms Meagher said.
There has been no suggestion of possible insolvent trading.
The document stated the company was expected to take no more than three months to wind up.
Keto Lean has been contacted for comment.
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