Preserve Health Pty Ltd appointed liquidators on Monday, bringing a seven-year journey to an end for its “sports hydration system” PREPD.
Anthony Phillips from Heard Phillips Lieberenz was appointed liquidator of the Tonsley Innovation Centre-based company after shareholders voted in favour of a voluntary windup.
The company was solvent at the time of liquidation and issued a statement noting the decision to wind the business up was “due to the increasingly difficult financial climate and the inability to secure necessary capital for continued operations”.
Sponsored content from The Post.
Founded in 2017, Preserve Health was the entity behind sports drink PREPD.
The drink was developed after 20 years of medical research between…
