Christchurch Moroccan Restaurant Chain Liquidated, Owes $1.1 Million

According to the New Zealand Companies Register, the Bush Inn, Moorhouse Ave and Ferrymead companies have been in liquidation since August, December and last week. These companies are behind four Dubba Dubba (also known as Dubba Deluxe) restaurants in the city center, reports the website www.stuff.co.nz. According to the liquidators’ reports, it was the Covid-19 pandemic that caused the restaurants’ bankruptcy, forcing them to close down in the second half of 2022. These three companies belong to Now Now Brands Limited. Adel Aberkane is the sole director and shareholder. However, Now Now Brands Limited is not in liquidation.

The liquidation of the three companies was entrusted to Brenton Hunt of Insolvency Matters. They owe $1.18 million to their creditors. In detail, the company owning the Moorhouse and Ferrymead restaurants owes about $310,000 to the tax authorities, $300,000 to unsecured creditors and $62,000 to secured creditors due to the health restrictions imposed by Covid-19. In addition, $10,000 is owed for salaries and paid leave of staff. The Bush Inn company also had to deal with the Covid-19 pandemic. The company’s bank account was overdrawn at the time of its liquidation.

The company owed about $374,000 to secured creditors and about $80,000 in salaries and paid leave to its staff. As for the Hereford St company, it owes $20,000 to the tax authorities and nearly $24,000 to three unsecured creditors.