50sixone leaves sour taste for creditors

Liquidator Tim Clifton from Clifton Hall confirmed the company’s debts forward of a possible sale of furnishings and tools located in the chain’s Prospect, Hyde Park and Henley Beach front bars.

The ATO, landlords and trade suppliers are very likely to be still left out of pocket with the 5 50sixone entities proudly owning less than $thirty,000 truly worth of money and stock.

Mr Clifton said furnishings and tools in each and every of the bars was staying valued forward of a possible sale, with several compact business house owners by now generating inquiries about purchasing some of the in good shape-out objects.

“We are at this time negotiating with the numerous landlords to price the property with a perspective to giving them for sale with landlords’ consent,” Mr Clifton said.

About 80 employees have been impacted by the collapse of 50sixone, and are believed to be owed close to … Read More