Water Bar owner in receivership

The company that operated Wanaka's Water Bar has been placed in receivership.

Price Waterhouse Cooper receiver Colin McCloy, of Auckland, confirmed to the Otago Daily Times yesterday he had been appointed receiver of Lake Front Entertainment Ltd on July 9. The company, incorporated in April 2012, operates the Water Bar, in Ardmore St opposite the lake as a licensed restaurant and bar.

The sole director listed on the Companies Office website is Paul Lecheminant, of Island Bay, Wellington.

The Paul Lecheminant listed on the site as the owner of the Water Bar is also listed as a director of two other companies being liquidated, as well as two placed in receivership in recent weeks.

The bar was closed on Thursday night, but Mr McCloy said it opened again at 4pm yesterday and would continue to trade while a new owner was sought.