The Orchard, the sprawling dining destination on Tench Avenue in Penrith, will continue to trade despite entering Voluntary Administration.
And the Directors and Owners of the business say they have every intention that it will trade into the future.
Graeme Beattie of Worrells has been appointed the Administrator.
“The Orchard is one of Western sydney’s premier hospitality venues,” he said.
“This decision comes after a period of challenging market conditions, including rising operational costs, changing consumer behaviour, and reduced discretionary spending, which have all contributed to an unsustainable financial position.
“I am presently undertaking an urgent financial analysis of the Company’s trading performance and viability.
“Whilst the administration is in its infancy, I intend to trade the Company’s business on a “business-as-usual” basis.
“I look forward to working with all key stakeholders to ensure the Company’s financial viability going forward”.
In a statement, the Directors and Owners confirmed The Orchard would continue to trade.
“We are pleased to confirm we remain open and fully operational, with a strong commitment to our long-term…
