Brisbane weight loss clinic Lifeshape enters liquidation
An award-winning Brisbane clinic which helped 10,000 people lose weight over its 25 years in business has entered liquidation owing hundreds of thousands of dollars to creditors and employees, the appointed liquidators say.
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A Brisbane clinic which helped more than 10,000 people lose weight has closed its doors owing more than half-a-million dollars to creditors, liquidators say.
Milton’s A.C.N. 633 206 818 Pty Ltd, formerly known as Lifeshape Health Pty Ltd, applied for voluntary liquidation recently.
Over its 25 years the former Telstra business award winner expanded to locations in Sydney and Melbourne.
It’s website said it helped “more than 10,000 Australians lose over 100,000 kg across the eastern seaboard.
Appointed liquidator Jason Bettles, from Worrells, confirmed Lifeshape ceased trading in April.
An Australian Securities and Investments Commission (ASIC) Report on Company Activities and Properties stated that $307,430 was owed to employees in the form of wages, annual leave, long service leave and superannuation.
The ASIC report also revealed $680,462.88 was owed to creditors including $205,991.00 to the Australian Taxation Office, $228,362.91 to real estate company Jones Lang Lasalle (JLL), $69,865.92 to Oltra Pty Ltd and $47,484.45 to business IT support company, GZD Pty Ltd.
Lifeshape’s website confirmed it had closed its Milton office but did not say why.
“Due to circumstances beyond our control, we are unable to continue our lease at our current head office location in Milton,’’ it said.
“As a result, we will be moving to a new location in the near future.”
Lifeshape posted on Facebook in March that it was celebrating 25 years in business.
“Over the years, we’ve seen incredible growth and transformation,’’ it said.
“We’ve changed our name, moved locations and even weathered some storms (literally).
“Through it all, our commitment to you has remained steadfast.
“We are proud to have opened clinics in three states, introduced state-of-the-art DEXA technology at our Milton clinic and hosted cooking demos and workshops with world-class chefs.”
Lifeshape Clinic’s journey began in 2001 with clinical weight loss services based at the Wesley Hospital before opening its first clinic, the Wesley Weight Management Clinic, in 2004.
In 2013 its name changed to Wesley LifeShape Clinic.
In 2006-07, the company won Queensland’s Telstra Business of the Year and in 2023 were a Queensland State Finalist in the same awards.
In 2015, Lifeshape opened its first Sydney CBD LifeShape Clinic at Barangaroo and in 2017 it opened a clinic in Melbourne.
The ASIC report strated that the company’s remaining assets included Lifeshape manuals, recipe books, bars and soups, with a net resellable value of only $847.
Lifeshape Clinic was contacted for comment but no response was received at time of publication.
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