JAG Leisure (Scotland), the franchisee trading as énergie Fitness, a gym on Douglas Road in Dundee, has ceased trading.
The company had been experiencing financial difficulties and sector specific challenges post-pandemic, resulting in creditor and cash flow pressures.
The director found it was not possible to continue to trade given the prevailing circumstances and appointed a provisional liquidator to take control of the company’s affairs on 11 July.
Mark Harper and Steven Parker of Opus Restructuring & Insolvency were appointed the following day.
As a result, all 13 employees of the company have been made redundant with immediate effect.
Harper commented: "Despite the director’s best efforts, and the government support available throughout the period of the pandemic, it was not possible to continue to trade the business due to a range of factors.
"Regrettably this has resulted in a number of redundancies - as liquidators we shall ensure that those employees affected by redundancy receive the full range of support available."
The liquidators will be proceeding with a sale of the assets in due course and urge any party who is interested in the equipment to contact Nadia Cowden at Opus.
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