Restaurant owned by Scots tycoon goes bust with all jobs axed
A RESTAURANT owned by a Scottish Secret Millionaire tycoon has gone bust leading to job losses.
Tony Banks, who featured on the TV show in 2009, is the director of Sugareef in St Brelade’s Bay, Jersey.
The closure of the Dundee-born businessman's eatery has led to issues relating to staff wages and live-in accommodation, reports The Courier.
It's understood the shutters were pulled down due to "financial difficulties".
A spokesperson for the businessman said his team is "determined" to see the venue re-open as a bar and restaurant.
They added: "We are determined though to see the venue reopen as a bar and restaurant and create a vibrant new business and new jobs on the island.
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"We are currently still investing significant money in the refurbishment ourselves, with a vision for creating an exciting venue, with the associated jobs and economic benefits, at St Brelade’s Bay.
"However, we will listen to alternative offers and suggestions from interested parties who share our vision."
The venue is currently listed for lease for £125,000 per year.
Tayside Aviation was bought in December 2021 by Mr Banks, the founder of Balhousie Care Group.
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Last year, it plunged into administration with over 20 jobs lost.
Mr Banks launched legal action against the firm's former owners.
The tycoon appeared on Channel 4’s award-winning series, The Secret Millionaire in 2009.
He spent time living in the Whitefield estate in Dundee, getting to know some of the residents and donating money to those he met who were in need.