Nic Watt’s Inca Newmarket owes creditors $1.1m

Chef Nic Watt of Inca Restaurant with plated dish. (Image: NZME)

Thu, 09 Nov 2023

Nic Watt’s much-praised rooftop Newmarket restaurant owes creditors $1.1 million, including $815,000 to unsecured creditors and $200,000 to the Inland Revenue Department, who stand little chance of recovery.Chris McCullagh and Stephen Lawrence of PKF Corporate Recovery today issued their initial liquidator’s report on the insolvent company that operated the award-winning Inca Newmarket restaurant.That showed the scale of debts from the operation, in business for four years and supported by a $49,000 small business loan from Inland R...

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