Thirty jobs have been axed following the closure of Kingdom restaurant in the heart of Newcastle, administrators have confirmed.
The buffet restaurant had operated on the first floor of the £20m Haymarket Metro Station building after taking on the space as part of a scheme funded by private developers in 2007.
Greenmoat Limited took on the 11,818 sq ft unit to offer diners food from all over the world in what was believed to be the biggest commercial property signing of its kind in 2012.
But Kingdom is now in liquidation with administrators from Rowlands Accountancy appointed on July 30 to get the best outcome for creditors, as well as help to arrange redundancy payments for the thirty staff left out of work.
Peter Gray and Andrew Little of Rowlands Accountants, the joint administrators, are now carrying out investigations to discover exactly why the business failed, and Mr Gray said it has been suggested Greenmoat Limited struggled to pay the rent.
Mr Gray said: “It’s only early days in our investigations but looking at the brief, the company was paying very high rent and their turnover was not what they expected it to be.
“Another company held the lease for the premises and the landlords had taken possession of the property.
“There were 30 employees, most of whom were part time, and our priority is to get them paid as soon as possible through the government redundancy fund.”
The closure of Kingdom came days after independent restaurant and bar Salsa Cafe on nearby Westgate Road shut its doors after being a fixture of Newcastle’s dining scene for 18 years.