The company behind Gosforth Italian restaurant Casa San Lorenzo went into administration owing £1.5m to creditors, including hundreds of thousands to one shareholder and investor.
An administrators' report shows San Lorenzo North East Ltd - owned by Kevin Pattison and Susan Walker - owed more than £438,000 to HRMC and more than £241,000 to unsecured trade creditors including local food suppliers.
Susan Walker, the minority co-owner and investor, was owed £350,000.