Jimmy Liks owes serious cash to creditors, report shows

The creditor's report is in for one of the victims of Sydney's lockout laws and it isn't pretty.

Jimmy Liks, which blamed the sharp downturn in trade around Kings Cross when it closed last December, has a list of creditors tallying more than $1.6 million. The usual suspects such as the Taxation Office are owed money, but so to are food and wine suppliers and Jimmy Liks director, Justin Maloney.

The one time pin-up for its movement, melding cool design and modern Asian food, Maloney called time on the restaurant, blaming the lockout laws. Friday night business halved, while Saturday dinner trade was down 30 per cent.