Body blow for spa members
Body by Deborah - the upmarket spa that crashed last year leaving about 2,000 members out of pocket - has finally been laid to rest.
Some $458,325 was raised by liquidators with a sale of gym equipment to a mainland firm. But because that money had been absorbed by liquidator's fees, creditors - who were owed a total of $40 million - will receive nothing.
The largest creditor was the spa's boss, Deborah Sims herself. The former professional swimmer turned actress, turned fitness queen, claims she lost $24 million of her own money in the company. Most creditors, however, were individual members of the luxury spa. Their claims ranged from a few thousand dollars paid in advance to those who had splashed out $380,000 on 'life' packages.
Yesterday saw the last meeting of creditors. The company will now be wound up.
Sims (above), who famously broke down in tears last March at a press conference admitting the failure of Body by Deborah, was nowhere to be seen. A director of liquidators Baker Tilly said the firm had had no contact with Sims for 'some time'.