bbc.com
O'Hare's Restaurant Closes Amidst \u00a31 Million Debt
Michelin-starred chef Michael O'Hare's restaurant, Psycho Sandbar, closed after accumulating nearly \u00a31 million in debt, including significant sums owed to HMRC and Gary Neville's investment firm.
English
United Kingdom
Labour MarketLifestyleInvestmentDebtRestaurantCelebrity ChefClosure
HmrcRelentlessThe Man Behind The CurtainPsycho SandbarBv Corporate Recovery & Insolvency Services Limited
Michael O'hareGary NevilleRyan Giggs
- How long was Psycho Sandbar open before closing?
- The restaurant's closure occurred seven months after opening, with O'Hare citing "exciting plans for the future" and the changing market as reasons. Gary Neville, a 50% shareholder, described O'Hare's decision as brave and courageous.
- Who were some of the major creditors of the restaurant?
- Creditors included HMRC, Gary Neville's Relentless investment firm, utility companies, investors, a wine merchant and pest control. The total debt exceeded \u00a3900,000 before the voluntary winding up of the company.
- What other restaurant ventures has Michael O'Hare been involved in?
- Michael O'Hare, known for his creative culinary inventions, has appeared on various cooking shows and owned other fine dining restaurants. His partnership with Gary Neville in other ventures such as The Rabbit in the Moon is also notable.
- What was the name of Michael O'Hare's restaurant before it rebranded?
- Before its rebranding to Psycho Sandbar, the restaurant was known as The Man Behind the Curtain, a Michelin-starred establishment in Leeds. It was recognized for its innovative menu, avant-garde decor, and celebrity investment.
- What was the total debt accumulated by Michael O'Hare's restaurant before liquidation?
- Michael O'Hare's Michelin-starred restaurant, Psycho Sandbar, closed after accumulating nearly \u00a31 million in debt. The debt included over \u00a3500,000 owed to HMRC and \u00a3370,000 to Gary Neville's investment firm.