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 ...
And...this is precisely why socialism NEVER works...
Panera tried this at a few locations, with predicable results. Needless to say, they don’t do this anymore.
I am conservative thus strongly believe in trading value for value. However, I totally would have eaten there specifically to stiff them thus teaching them a valuable lesson
..and the fact that none of the business owners is homeless or starving to death is the reason why people will always hold out hope for socialism.
Vegan food? I wouldn't even waste my time.
Who wants to eat a vegan anyway. I hear they taste bland and are stringy.
Lol
If your business model is getting filthy hippies to contribute anything beneficial except fertilizer when they die it is fundamentally flawed.
who pays for weeds??? obviously not democrats...
Eat there and get Gas
.’
The accounting firm say employees were owed at least $110,000 when Lentil as Anything crashed, with a further $258,491 in superannuation
All leave with the feeling that they are part of an inclusive community
/\
Ya, the community of
GRIFTERS
GRIFTERS
GRIFTERS of thee
No one you see
Steals more completely
And they call them GRIFTERS
GRIFTERS
GRIFTERS of thee
Ever so low, as low as can go
Bait and switch, adults or kids they’ll bewitch
And we know that GRIFTERS
Steal all not nailed down
Stealing from me
Stealing from thee.
.
btt
If they ran the business as a real restaurant with a pot of lentils available for vagrants out back with the promise that they stay in the alleyway, they'd still be in business.
A preference for bigoted ideology over life drives leftist behavior.
This.
Veggan is worthless so what did they expect?
Stupid is as stupid does, Mrs. Blue.
Doesn’t Jon Bon-Jovi operate a restaurant with similar payments for food?
Libs are all grifters
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