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We wish to advise members of Evolution Fitness Clubs Richmond and West Lakes that as at 31 March 2011 the company has been placed in liquidation.
As such, the business located at both Richmond and West Lakes will be closed.
Accordingly, any unused membership fees are not able be refunded nor is membership able to be transferred to another centre.
The amount of unused membership fees will rank as an unsecured creditor claim in the liquidation.
Whether or not there will be a return to unsecured creditors of either company will depend upon the outcome of the sale of assets of both companies and any other recoveries the Liquidators may successfully pursue.
However, at this stage we consider it unlikely that there will be any return to unsecured creditors.
For any queries, please contact Ms Fiona Panagis on (08) 8223 8116 or Mr Callum Rosenzweig on (08) 8223 8127."
That does sound very dirty indeed. From my memory of corporate law, I'd say there will be criminal convictions involved here as there are laws prohibiting trading if a company's directors are aware they're insolvent.
Interesting about the adelaid WL being closed. (Hopefully) it's not the club where a couple of my friends belong to. I met a whole load of great lifters at last years nationals comp....
It -looks- like it was an independent gym, the final membership drive could be seen as one last push to try & save the place. However, I still feel sorry for the people who lost their money.
Interesting about the adelaid WL being closed. (Hopefully) it's not the club where a couple of my friends belong to. I met a whole load of great lifters at last years nationals comp....
gday guys. ill be moving back to adelaide from renmark at the end of the year hopefully. we will be looking to buy in semaphore / largs area ect so the seaton venue may be a winner. would love to train with you guys.