Award-winning Gold Coast restaurant Providore boarded-up and in liquidation
IT WAS regarded as the best place to have breakfast on the Gold Coast three years in a row. But just more than 12 months later it is closed and in liquidation.
Business
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PROVIDORE was voted the best breakfast restaurant on the Gold Coast for three years running. On Tuesday it went into liquidation.
The fancy restaurant at Marina Mirage was boarded up a couple of weeks ago.
On Tuesday, the businesses which owned Providore Marina Mirage and Urban Providore at Bulimba went into liquidation.
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Australian Securities and Investments Commission documents reveal Mortons Solvency Accountants were appointed as the liquidators.
It’s a big turnaround for the business after it won the Gold Coast Bulletin’s Best Breakfast gong in 2017, 2016, and 2015.
The restaurant did not rank in the top 10 this year.
Company documents reveal director Dawn Eileen Turner bought the business on November 21 from Elizabeth Jane Austin.
The Gold Coast Bulletin spoke to liquidator Emma Best who could not give any details on what happened to the business as she had just been appointed.
The news follows the liquidation of other Gold Coast businesses Nature Pacific, FSG and Travel and Cruise Centre Runaway Bay.
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A Gold Coast insolvency expert said the reports of Gold Coast companies going under or struggling to stay afloat reinforced the need for added vigilance by local business owners.
“The Gold Coast already has the highest rate of business collapses in Queensland,” said Mr Duane Williams, Partner at Gold Coast firm MBA Lawyers.
“In this uncertain business environment, it’s critical to remain focused on the keys to business security and success — namely financial position, professional performance and future opportunities.”
Mr Williams said uncertainty over the legacy of the Gold Coast 2018 Commonwealth Games, softer tourism numbers during the May to September period, and recent predictions that more than 500 Gold Coast businesses may fold within a year, all carry ramifications for small to medium-sized firms in particular.
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