The first liquidators' report on Auckland's SPQR shows it owes creditors $2.24 million.
The Ponsonby eatery was placed into liquidation last Thursday by special resolution of the shareholders and is no longer trading.
NZ Herald business editor at large Liam Dann says this is a sign of the times, as several iconic Auckland eateries have yet to recover from Covid and the economic downturn.
LISTEN ABOVE

Enda Brady: UK correspondent on the UK's air traffic control head being under pressure to quit following recent glitch
04:17

Sam Dickie: Fisher Funds expert on the AI researcher quitting Anthropic and warning of the tech's risks
04:22

Jamie Mackay: The Country host on the market volatility potentially impacting red meat sector
04:21