The company behind Newcastle cocktail bar and kitchen Okana went into liquidation owing more than £1.4m to creditors - including its former staff.
Cyclone (Newcastle) Limited ran the city centre venue - which had employed 33 people - which is reported to have been loss-making before it closed owing to difficulties during the pandemic.
Liquidators from North East insolvency specialists FRP were appointed to the business following its closure and now a report shows the business had assets of just £8,920 but owed hundreds of thousands to lenders, Newcastle City Council and HMRC, among other creditors.
