An embattled gym chain with businesses all across Australia has collapsed six months after external administrators first took over the business amid a protracted legal fight, with one of the directors going bankrupt.

Mixed martial arts gym franchise UFC Gym Australia and New Zealand, which at its peak had more than 10 fitness centres in Sydney, Melbourne, perth and the Gold Coast, was court-ordered to go into liquidation late last week.

On Thursday afternoon, the NSW Supreme Court appointed Desmond Teng and John Refalo of insolvency firm Byrons as liquidators of the chain’s parent companies, Ultimate Franchising Group Pty Ltd, Ultimate Franchising Group Properties Pty Ltd and UFC Gym Prospect Pty Ltd.

These companies held the master franchise agreement for operations in Australia and New Zealand.

According to reports lodged with the corporate regulator, there is a total of 62 creditors cumulatively owed $15.6 million from the company’s demise.

A spokesperson for UFC Gym insisted this would not impact the gym’s franchises and was only a blow to their main headquarters.

“It was a difficult decision which only impacts head office,” they told news.com.au. “It has no implications for operations.”

News.com.au previously…