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Woke 'pay-what-you-feel' vegan restaurant chain allegedly went broke owing staff almost $400,000 - as it's revealed only 1 in 3 customers forked out for their meals
Daily Mail ^ | 21 April 2022 | Sam Mcphee

Posted on 04/21/2022 3:24:54 PM PDT by Trillian

A trendy pay-as-you-feel restaurant chain allegedly traded while insolvent for years and underpaid employees by nearly $400,000.

Lentil as Anything, a popular group of eateries in Sydney and Melbourne that lets customers choose what they pay, survived the pandemic thanks to nearly $400k in GoFundMe donations but an accounting firm alleged it went under a year earlier.

Worrells sent a recent report to creditors detailing the mismanagement of the company, which alleged Lentil as Anything was 'likely insolvent' as far back as June, 2019, the Syndey Morning Herald reported.

'It is our preliminary position that the company was likely insolvent from at least 30 June, 2019, and likely earlier,' the Worrells report said.

The social enterprise was celebrated for its ingenuity and charity, with founder and former banker Shanaka Fernando claiming just 30 per cent of its meals were paid for.

'Our restaurants have no set prices. Everyone is welcome to come for a meal and pay-as-they-feel: through a financial contribution or volunteering,' the company's mantra reads.

'All leave with the feeling that they are part of an inclusive community.'

The accounting firm say employees were owed at least $110,000 when Lentil as Anything crashed, with a further $258,491 in superannuation.

It said creditors were owed up to $600,000 - but said there is little chance they will see the money.

Trading while insolvent can be a civil or criminal offence.

The report found 'material deficiencies' in record keeping which 'render the books and records in their current state insufficient to enable true and fair financial statements to be prepared and audited.' This is also a possible offence.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Chit/Chat; Food
KEYWORDS: australia; bidenvoters; vegan; whoops
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To: EEGator

Wow - had not seen that.

Strange that news would break the same day I remember that fiasco.


41 posted on 04/21/2022 4:57:13 PM PDT by Republican Wildcat
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To: Trillian

Wasn’t there a company that paid every employee 50k?
I understand the experiment didn’t work.

Starry eyed fantasies don’t work in the real world of profit and loss and balance sheets.


42 posted on 04/21/2022 5:17:23 PM PDT by I want the USA back (The further a society drifts from the truth, the more it will hate those that speak it.th)
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To: Republican Wildcat

Odd coincidence..
Buy a lottery ticket...


43 posted on 04/21/2022 5:19:26 PM PDT by EEGator
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To: Trillian

Here’s a penny. It’s “what I feel”. Imbecilic bastards


44 posted on 04/21/2022 5:25:43 PM PDT by albie
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To: butlerweave

Stuckey’s wasn’t vegan!


45 posted on 04/21/2022 5:59:18 PM PDT by slouper (LWRC SPR 5.5 6)
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To: Trillian

“This time, socialism will work!”


46 posted on 04/21/2022 6:30:31 PM PDT by Basket_of_Deplorables (Putin is behaving rationally.The war is on Biden and Obama. )
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To: BiteYourSelf

No surprise. Most people who self identify as liberals are deadbeats when they can get away with it. Donte little of their own money to charity, but happy to get the government to donate yours.


47 posted on 04/21/2022 7:33:49 PM PDT by hinckley buzzard ( Resist the narrative.)
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To: Trillian

Dumb hippies.
I lived close to Haight Asbury in San Francisco in the late 80’s.
There was a similar store grocery style that tried the same thing.
Of course it didn’t last.
Dumb hippies think they are smarter than everyone, until realty smacks them in the face


48 posted on 04/21/2022 7:39:47 PM PDT by HereInTheHeartland (remorse)
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To: HereInTheHeartland

Our communism only works if everyone is of the same mindset, and scarcity is not an issue.

That has never happened in the history of the world.


49 posted on 04/21/2022 7:43:19 PM PDT by Vermont Lt
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To: Trillian

Many have tried; none have succeeded.


50 posted on 04/21/2022 8:36:46 PM PDT by WASCWatch ( WASC)
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