A popular Australian activewear brand has collapsed, owing more than $100,000 to its employees.

Exoticathletica was placed in administration on April 9, according to documents filed with the Australian Securities and Investments Commission (ASIC).

Matthew Richardson and Terry van der Velde from SV Partners have been appointed as administrators.

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It’s estimated the Queensland-based company owes as much as $114,000 to its staff, including $37,000 in superannuation, $73,000 in annual leave, $5800 in long service leave and $33,000 in pay in lieu of notice.

The activewear brand owes $6.7 million to Commonwealth Bank and about $5.4 million to unsecured creditors.

It also owes $211,000 to Active Apparel Group, an activewear manufacturer.

The brand was founded by Leilani Chandler in 2014 and specialises in brightly coloured and printed athleisure clothing.

According to the company’s website, Chandler was inspired by Brazil’s fashion culture.

“We create activewear and active lifestyle products, using innovative and elevated fabrics and fits, with bold and bright colours and prints,” the company’s bio says.

The business has continued to operate during the administration process.

The creditors are seeking to sell the business via expressions of interest.

SV Partners’ Richardson and Velde have been contacted for comment.