Kavanagh Fennell have been appointed as liquidators for Total Fitness. They were appointed at the creditors meeting in the Holiday Inn on the 29th of March. Kavanagh Fennell was represented by David Van Dessel and his team at the creditors meeting. The creditors from the floor proposed an alternative liquidator in the form of Grant Thornton however when it came to the vote the Chairman of Centre Operators Limited (Total Fitness) had the majority of creditors (i.e. the voting rights for the creditors that were owed a majority of money) which meant that while it went to a vote that had to be counted Kavanagh Fennell were in the end appointed. You will find details for the company at http://www.kavanaghfennell.ie
There is interest in re-opening the gym I would say and from informal chats with various people after the meeting I would not be surprised if the gyms re-opened under new management in a matter of weeks. What they might do for the existing membership is anybody’s guess. But from a business perspective it would seem like a good idea to look after them. As soon as I Know more I will make a post here.
