The head of a prominent Melbourne fine dining establishment is linked to several failed businesses that reportedly owe over $11 million.
The Lobster Cave, which is known for its lavish cuisine, is now in danger of closing.
This is not the first time the establishment has been in the news for making headlines.
In 2017, a politician was seen dining with an alleged mafia boss.
In May, an elderly individual drove into the restaurant, causing some of the diners to panic.
Fortunately, a table of 10 was near the wall, and it had already been vacated before the incident happened.
The restaurant’s signature dish is the Fergburger, which is named after its executive chef, Bill Ferg.
This is the second story that has been unfolding for the hospitality industry’s head of operations.
He took over several food wholesalers this year, which have since gone bankrupt due to the debts they incurred.
On Wednesday, one of his businesses was in court as a creditor tried to force it to liquidate.
The creditor, who is seeking to recover $897,000, claims that one of Mr Ferg’s companies owes them.
His flagship restaurant is also in jeopardy of closing. On Monday, a creditor sent out a winding up notice to a company that used the name of the Lobster Cave.
The notice was sent out by Flexicommercial, which is the company that filed the application to wind up the business.
A hearing regarding the application will be held on September 16 at the NSW Supreme Court.
Flexicommercial is a division of Australian fintech company humm Group Limited. It provides various types of credit and commercial loans.
Bill Ferg is the sole director of the company Extramile Trading, whose liquidation earlier this year led to the filing of a statutory report with the corporate regulator.
The company, which was a wholesale supplier of meat, seafood, and dairy products to the food service and hospitality industry, had debts of almost $9 million.
According to the report, 64 of its unsecured creditors are owed over $7.225 million.
The business, which was based in a suburb of Melbourne known as the Braeside, was able to employ five workers.
It closed its operations earlier this year. Its creditors are not expected to get any of the money that they lost.
