The first liquidator’s report on iconic Auckland restaurant SPQR shows the business owed more than $2 million to Inland Revenue and other creditors.
The Ponsonby Rd establishment was placed into liquidation last Thursday by special resolution of the shareholders and is no longer trading.
Christopher McCullagh and Stephen Lawrence of PKF Corporate Recovery & Insolvency were appointed liquidators.
According to the liquidator’s report, the IRD had served a statutory demand on SPQR for tax arrears, but it was unable to pay the debt or negotiate a repayment arrangement.
SPQR owes the IRD $1,484,423 in payroll taxes and GST.
Staff are owed $144,664 in wages and holiday pay, the report said.
Unsecured creditors are owed just over $616,000.
These include Auckland Council, ACC, Genesis Energy, Spark, Windcave and Asahi.
Read more at the NZ Herald.
