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Gym chain admits burnout

GYM members have been called to a liquidator's meeting at group Total Fitness next week. The company suddenly shut down last week with the loss of more than 100 jobs and left hundreds of gym members in the lurch.

The crunch meeting takes place next Wednesday, March 30, at the Holiday Inn, Pearse Street in Dublin's city centre.

The three gyms in Castleknock, Malahide Road and Sandyford shut down the day before St Patrick's Day without prior warning.

A statement from Total Fitness confirmed that Centre Operators Limited, the company behind the gyms, wound up with effect from midnight Wednesday last week. The group blamed high rents for its demise.

"A liquidator will be appointed in due course and will deal with all queries in relation to outstanding memberships," the statement reads.

The company said it was loss-making and that a "major factor" in this was that it was paying rents that were "significantly higher than market value".

Accounts filed at the Companies Office show that the Irish subsidiary made a loss of almost €767,000 in the year to the end of March 2009.