HM Advisory is pleased to confirm the successful completion of the Voluntary Administration process for Derrimut 24:7, one of Australia’s most recognised fitness brands. The restructure, endorsed by creditors, ensures continuity of operations and positions the business for long-term growth.
The Administration commenced in November 2025 following financial challenges faced by the business. HM Advisory worked closely with stakeholders to deliver a solution that preserved Derrimut’s brand identity, safeguarded jobs, and secured significant investment for future expansion.
The restructure provides stability and a clear path forward, supported by substantial investment and a renewed focus on operational excellence. Under the approved Deed of Company Arrangement, Derrimut 24:7 will operate as an independent brand alongside Cavalo Prestige Group, with new owners committing over $80 million to upgrade facilities, enhance systems, and expand the network.
Our dedicated team worked tirelessly over the last five (5) months to achieve this outcome. Their professionalism, resilience, and client-first mindset were instrumental in navigating a complex appointment and delivering a timely, constructive result for all stakeholders.
This outcome reflects HM Advisory’s commitment to delivering practical, strategic solutions in complex situations. We are proud to have guided Derrimut through this process and ensured the brand remains a trusted name in fitness for everyday Australians.
About HM Advisory
HM Advisory is a leading specialist in Corporate and Personal Advisory and Insolvency services, providing expert guidance to businesses navigating financial challenges. Our team combines technical expertise with a pragmatic approach to deliver outcomes that protect value and enable sustainable futures.