Muffin Break Stockland Rockhampton in liquidation over Covid-19 government loan
A Rockhampton cafe has had to file for liquidation in order to pay back a government loan it had received to help with Covid-19 support.
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A Rockhampton cafe owner has fallen victim to the fallout of Covid-19 restrictions and government mandates and has been forced to file for liquidation.
The company that owned Muffin Break at Stockland Rockhampton went into liquidation on February 2.
The cafe is still operating as normal and is now for sale.
The company, MB Rocky Pty Ltd, was incorporated in 2004 and was owned by Rockhampton man Rohan Smith.
No money is owed to employees and the only money the company owes is for a Queensland Government COVID-19 support loan of $143,000.
Michael Beck of Worrells Solvency and Forensic Accountants was appointed as the liquidator.
Worrells has been paid $9,900 upfront for its initial work, which remains held in a trust until approved by the creditors.
In documents filed with the Australia Securities and Investments Commission, Mr Beck estimated the liquidation would cost between $20,000 to $50,000.
The cafe is now being managed by Food Co, the company that owns Muffin Break, along with Jamaica Blue and Croc’s Playcentre.
In a response sent to this publication, a spokesperson for Muffin Break said Muffin Break took over operation of the store in December and all staff were offered positions and hired with Muffin Break at the time.
“The Muffin Break store continues to operate and will do so for the foreseeable future,” the company wrote.
The cafe is listed for sale on the Muffin Break website as an existing franchise.
The listing states Stockland Rockhampton is the largest regional shopping centre between Maroochydore and Mackay and has more than 160 speciality stores.
It states Muffin Break takes care of all the “behind-the-scenes projects” including customer research, marketing and product development and franchisees are set up with support and training.
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Originally published as Muffin Break Stockland Rockhampton in liquidation over Covid-19 government loan
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