High-end restaurant, Frenchies Brasserie Noosa, $1.1m debt revealed

A Sydney-based restaurateur’s Noosa venue has been revealed to owe creditors more than $1m after it was placed in voluntary administration last month.

Frenchies Brasserie Noosa has gone into voluntary administration.

A Sydney-based restaurateur’s Noosa venue has been revealed to owe creditors more than $1m in debts after it was placed in voluntary administration last month.

The company Frenchies Brasserie Noosa Pty Ltd appointed administrator Nicarson Natkunarajah, from Roger and Carson, on March 28, 2024.

According to the ASIC documents the company which operates the French restaurant on Gympie Terrace in Noosaville was established in 2019.

The Australian Securities and Investment Commission documents published on April 19 revealed the company owed approximately $1.1m in debt.

There were three main creditors listed in the ASIC report, including two companies related to Frenchies Brasserie Noosa Pty Ltd.

The company’s director and Sydney-based restaurateur David Singer is owed $377,963 by Frenchies, according to the documents, as well as another related company, Fitzroy Nominees Pty Ltd, which is owed $612,042.

Both the debts are described in the documents as “loans to the company”.

The third and unrelated creditor, Gympie Terrace Pty Ltd is owed approximately $160,771 in unpaid rent by the company, according to the documents.

Frenchies Brasserie Noosa director, David Singer. Source: Supplied

The Frenchies Noosa administration comes after Mr Singer placed another of his companies, a wholesale wine business named Brasserie Wine, into liquidation in May last year.

Mr Natkunarajah also acted as the liquidator in the wine company’s collapse.

The liquidator’s report to creditors, which was filed with ASIC in August last year, regarding Brasserie Wine Australia, indicated a debt in excess of $300,00 owed to more than 30 creditors.

Mr Natkunarajah stated in the filed statutory report Mr Singer had been unable to pay the statutory debts owed to the ATO, failed to pay employee entitlements and superannuation and failed to satisfy trade creditors in the “relatively short time” the company had been trading.

Mr Natkunarajah listed poor strategic management, lack of records and inadequate cash flow as other factors that contributed to failure of the wholesale wine business.

The ASIC documents involving Brasserie Wine also revealed Mr Singer is listed as the director of Frenchies Brasserie Australia Pty Ltd (in liquidation), Fitzroy Nominees Pty Limited and JD’S Chicken Co Pty Ltd.

Mr Singer and Mr Natkunarajah have been contacted for comment.