Failed North Adelaide pub The Archer will next month host an auction of its plant and equipment
Failed pub The Archer Hotel will auction off its furniture and equipment next month, as related venues face increasing pressure from suppliers.
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- The Archer closes its doors after failing to attract buyer
- Operator of The Archer goes into administration
Failed pub The Archer Hotel will host an auction of its plant and equipment next month, as related venues face increasing pressure from suppliers.
Creditors this morning voted to wind up operator Huntsman Hotel — which oversaw The Archer’s demise — after an unnamed party pulled out of a deal to take over the historic venue.
Liquidator Chris Powell from Duncan Powell confirmed that an on-site auction of the venue’s plant and equipment would be held on December 5, led by auctioneers Mason Gray Strange.
Furniture, kegs, taps, pool tables, cutlery, kitchen equipment and heaters are all set to be sold.
The directors and shareholders of Huntsman — Matthew Mitchell and Brett Viney — are also directors of Bloody Mary Group, which counts the Saracens Head hotel in the CBD and Stone’s Throw at Norwood in its portfolio of hotels and other hospitality venues.
ASIC documents reveal AMJ Produce last month lodged an application to wind up Saracens Head, but that was dismissed in the Federal Court earlier this month following settlement between the two parties.
Mr Powell has previously said that other venues overseen by the Bloody Mary Group would be unaffected by the demise of The Archer.
However in his latest report, he told creditors he was reviewing a $23,185 loan made to the Saracens Head from The Archer prior to its collapse.
Separately, he outlined that $50,000 was likely to be recovered in preference payments, but that trade creditors owed more than $192,000 were unlikely to receive a dividend following the liquidation process.
Liquidation, however, will allow Mr Powell to conduct detailed investigations into the company’s past dealings and the past actions of directors.
The Archer hosted a “Drink Us Dry” closing party on Saturday night to mark its closure.
An unnamed party last month agreed to pay $360,000 to take over the hotel, but pulled out of the deal following Huntsman’s appointment of an administrator.
Huntsman had racked up unpaid rent and taxes of more than $300,000, while employees are owed close to $143,000 — mostly unpaid superannuation.