Thursday, November 7, 2024

Gary Neville and Masterchef star’s restaurant goes into liquidation with £1m debts including £519,000 in owed taxes

Gary Neville‘s Leeds restaurant has gone into liquidation with £1million debts including £519,000 owed in taxes.

The restaurant, called Man Behind the Curtain, was launched in 2014 and was run by chef Michael O’Hare, with Neville owning 50 per cent.

The restaurant was awarded a Michelin star in October 2015, as well as three AA Rosettes in 2016 and attracted investment from Neville. 

After opening, it gained a reputation for modern but unique dishes including olives wrapped in edible cellophane, salt and vinegar ox cheek, and chocolate pudding and pork rinds. 

But it closed its doors at the end of 2023 and O’Hare has since opened a new restaurant in the city called Psycho Sandbar. 

Now, newly-filed documents with Companies House, have shown that Neville’s company Relentless Leisure is owed £366,848.

The Statement of Affairs reported £9,500 in estimated assets for creditors; a director’s loan owed at £500,000 described as ‘uncertain’ for payback, with fixtures and fittings worth £152,973 also having an ‘uncertain value’.

Gary Neville 's Leeds restaurant has gone into liquidation with £1million debts including £519,000 owed in taxes

Banks are reported as being owed £14,000 with HMRC’s debt comprising of two bills — one being £119,090 and the other being £400,194, according to The Sun.

The accounts for 2023 are overdue, but those for 2022 reported a profit of £187,000 and reserves of £105,938.  

Speaking at the time of the closure, Mr O’Hare said the decision was ‘very much based on my exciting plans for the future, but is reflective of the changing experience market in which we all live’.

In a statement Mr O’Hare, who had appeared on shows including Great British Menu and Masterchef, said he was ‘incredibly proud’ of his team’s work over the last decade. 

Writing on LinkedIn earlier this year, Neville said: ‘A few years ago I signed one of the most instinctive and incredible deals that I’ve ever done when I went into partnership with Michael O’Hare on ‘The Man Behind The Curtain’ restaurant in Leeds.

‘At the end of a meal I had at the restaurant, Michael presented me with the bill, but it wasn’t a normal bill, it was a bill that had a figure on it accompanied with a note that said this will give you 50 per cent of the restaurant, and from that moment on I was the co-owner of a Michelin star restaurant in Leeds.

‘Fast forward to today and it’s taken a brave and courageous decision for Michael to give up his Michelin star and open a new restaurant, Psycho Sandbar, that I went to earlier on in the week.

‘It’s a sensational restaurant with an unbelievable experience and a brilliant job from Michael and his team. If you ever get the chance to visit, I highly recommend it.’

This is a breaking news story, more to follow.  

This post was originally published on this site

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