A sydney nightclub has collapsed after racking up more than $700,000 in debt.
News.com.au can reveal that GKIII Hospitality Group Pty Ltd went into liquidation on Monday by order of the NSW Supreme Court.
The CBD-based restaurant and nightclub traded under the name The Carter Sydney.
According to its still-active website, The Carter Sydney sits at a three-storey heritage listed venue offering a range of street food and cocktails “inspired by New York’s signature architecture and food”.
A review of the business called it a “nightclub, restaurant and bar dedicated to Bey(once) and Jay (Z)”.
Ozem Kassem of insolvency firm KPT Restructuring was appointed as the liquidator.
The business appears to have been in trouble some time, appointing restructuring practitioners last year to turn its fortunes around.
A spokesperson for KPT Restructuring told news.com.au that it appears the restructure failed, with creditors still out of pocket.
The firm is now trying to determine if it racked up more debts since then.
Documents lodged with the corporate regulator and obtained by news.com.au reveal that The Carter Sydney had a number of creditors while it was going through its restructure last year.
It’s believed these figures are…
