The sale of catering equipment from highly-rated chef Anthony Flinn’s collapsed restaurant business is due to raise tens of thousands of pounds, but unsecured creditors are unlikely to receive a penny, it has been reported.
Anthony’s Restaurant Limited, which encompassed four sites in Leeds, entered administration during the summer, running up debts of more than £750,000, according to the Yorkshire Evening Post.
The paper said today that administrator Lines Henry had raised £55,000 from selling catering equipment and furniture from Flinn’s now-closed restaurants in Leeds Corn Exchange.
However, Lines Henry said it was “not anticipated” that any unsecured creditors of the firm would receive a dividend.
Around 80 creditors are owed £763,000 between them, with those owned money including HMRC and British gas, as well as suppliers and food firms.
Administrators hope to raise a further £10,000 from the sale of catering equipment and furniture from the chef’s former patisserie in Leeds’ Victoria Quarter.
Flinn’s restaurants were widely seen as playing a crucial part in the growth of Leeds’ culinary scene during the past 10 years, but the costs involved with running a 14,000 square foot restaurant in the Corn Exchange, which it moved to five years ago, coupled with increasing competition in the city centre and the weak financial climate, led to the group’s demise.