Restaurateur Andrew Hohns’ company, Pier 33 Pty Ltd, reveals creditors
More details have come to light regarding the debts accrued by the founding company of a waterfront venue on the Sunshine Coast, as the total figure owed to creditors is estimated to total more than $2m.
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More details have come to light regarding the debts accrued by the founding company of a waterfront venue on the Sunshine Coast, as the figure owed to creditors is estimated to be more than $2m.
The company Pier 33 Pty Ltd was placed into voluntary administration earlier this month and appointed administrator Chris Baskerville, according to an Australian Securities and Investments Commission notice.
The company’s director and well-known Brisbane restaurateur, Andrew Hohns, opened the Pier 33 venue in 2017 following a major renovation undertaken on the former Mooloolaba Yacht Club building.
The latest documents published to ASIC regarding the creditor’s activities show seven creditors are owed money by the company, including four that are related parties.
Williams Finance Trust, Flying Cockpit and Andrew Hohns are named among the creditors.
According to the ASIC documents Flying Cockpit is owed $45,895 and Andrew Hohns is owed $91,023.
Mr Baskerville previously told this publication it was estimated the company owed debts in excess of $2m.
“The main creditor is the ATO, which is owed around $800,000, with approximately $1m owed to related parties of the company,” Mr Baskerville said.
All employee entitlements appeared to have been paid in full before the company entered administration.
Ms Baskerville said the company had been impacted by the Covid-19 pandemic in the lead up to the administration.
“Pier 33 was impacted by the tail end of Covid, which affected the director’s ability to invest in the business, and he eventually ran out of the resources to provide support,” Mr Baskerville said.
Mr Baskerville declined to comment any further on the company’s administration.
Mr Hohns has also been contacted for comment on multiple occasions.
The Pier 33 venue was recently taken over by new owners and underwent extensive renovations in August 2024.
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Originally published as Restaurateur Andrew Hohns’ company, Pier 33 Pty Ltd, reveals creditors