Fitness company Corporate Fighter collapses, ceases trading

A fitness company has shut down and all staff have been terminated, while customers have been left out of pocket.

A fitness company has shut down and all staff have been terminated, while customers have been left out of pocket.

Corporate Fighter announced on its website that it had “ceased operations”, effective immediately, on Wednesday.

Head quartered in Sydney’s Surry Hills, Corporate Fighter offered a 10-week boxing program to amateur participants.

The course would culminate in a gala night where customers would spar with each other, and some of the money made would be put towards charity.

Tables would sell for between $2000 and $3000 and there would typically be between 30 and 40 tables at each event.

On a since deleted part of its website, Corporate Fighter stated it was “a fun and challenging 10-week boxing experience that will see you train with industry professionals for 10 weeks and then have a once-in-a-lifetime fight night experience to top it off!”

“It is for everyday corporates and office workers of all shapes, sizes, and backgrounds,” the company added.

A number of events had been hosted over the years since Corporate Fighter launched in 2019, with fight nights operating in Sydney’s Hilton Hotel and Doltone House, in Newcastle’s Wests, in Brisbane’s Royal International Convention Centre and in the Melbourne Pavilion.

One of these charity gala nights had been scheduled for next week, but the business pulled the rug out before it could go ahead.

The message that appears on its website.

Customers reportedly received an email saying Corporate Fighter had gone into administration.

But according to the Australian and Securities Investments Commission (ASIC), the company is still under the control of its sole director, Josh King.

News.com.au has attempted to contact the company’s sole director, Josh King, for comment.

Others have said they have been unable to get in contact with him in recent days and his social media has been deleted.

One insider who worked for a supplier of Corporate Fighter revealed that the company had been struggling for some months.

The fitness company had to enter into a payment plan in November last year with this supplier over a $25,000 debt and events were constantly being postponed.

“Basically one event would pay it off, they were always a bit behind,” the insider said on condition of anonymity.

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The company was marketed as a fun and challenging 10-week boxing experience.

Charities have reportedly also been left owing money.

Corporate Fighter was associated with several major charities, Starlight, Will2Live and Rize Up. They have been contacted for comment.

One customer told 2GB they had spent $9000 booking tables, but had heard of another person who had spent $15,000.

They also said a lot of the fighters were doing it “for charities close to their heart”.

Staff also claim to be owed final wages and unpaid superannuation.

A number of fitness companies have been impacted amid the cost of living crisis and forced to close down in recent months.

Dozens of F45 franchises have collapsed in the past year.

Another major fitness chain, UFC Gym, went into liquidation last year with debts of $15 million.

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Originally published as Fitness company Corporate Fighter collapses, ceases trading