Creditors of former Wellington restaurant Muse on Allen owed $160,000
A former Wellington fine dining restaurant in liquidation owes more than $160,000 to creditors.
Muse on Allen was closed in February and was put into liquidation on September 6 by the Inland Revenue (IRD) for overdue taxes as well as student loan, KiwiSaver and superannuation payments.
The first liquidators report of Vivian Fatupaito and Andrew Hawkes KPMG owes creditors more than $160,000.
Muse on Allen director Samuel North told the liquidators the business failed as a result of management conflict with business partners, an expensive lease and cashflow issues, the report says.
The liquidators had received a preferential claim from the Inland Revenue totalling $70,585 for overdue PAYE, GST and other deductions.
They also received a claim for $3,690 from the petitioning creditor for costs, as claims from unsecured creditors for $87,525.
No distributions have been made to preferential or unsecured creditors.
The liquidators were still undertaking investigations to determine whether there are any claims, and/or other assets which can be recovered.
A summary of known creditors includes: ACC, IRD, BNZ, Marquise Properties, two shareholders and a former director.