The operator of the Sentosa beach club Tipsy Unicorn has been wound up by the High Court, with liquidators assessing debts owed to creditors.
Liquidation Order
On Jan. 23, Justice Chionh Sze Chyi ordered privately held operator Tipsy Bird into compulsory liquidation following a winding-up application by UOB. BDO Advisory insolvency practitioners were appointed as joint and several liquidators.
Debt and Liabilities
UOB is seeking to recover more than $96,000 in debt plus interest from Tipsy Bird, according to court documents. The liquidators noted that the full extent of Tipsy Bird’s liabilities remains undetermined, as the company’s directors have not provided a Statement of Affairs outlining its financial position.
Operations and Premises
Tipsy Bird operated Tipsy Unicorn Beach Club at 36 Siloso Beach Walk. Licences for operating the outlet, including those for food, liquor, and aquatic facilities, were held under Tipsy Bird’s name at the time of the winding-up order. The landlord has since reclaimed possession of the premises.
Closure Confirmed
Sentosa Development Corporation (SDC) confirmed that Tipsy Unicorn ceased operations on Jan. 30. SDC stated it is in discussions with potential operators to introduce new experiences on Sentosa.
A visit to the venue on Feb. 18 revealed the outlet was shuttered, with a notice stating operations ceased on Jan. 30. Tipsy Unicorn’s Instagram profile now reads “temporarily closed,” and reservations are unavailable on its website.
Company Background
Corporate records show Tipsy Bird was incorporated in October 2018, listing its principal activity as restaurants. Its sole shareholder is local hospitality group Tipsy Collective. As of Feb. 19, records show Tipsy Bird is under compulsory liquidation, while Tipsy Collective remains active.
Tipsy Unicorn opened on Sentosa on Sept. 1, 2023, according to a 2023 Facebook post by Tipsy Collective. Tipsy Collective, which also runs Tipsy Penguin and Tipsy Bird, has not updated its Facebook page since late October 2025.
Past Issues
Tipsy Collective has faced several controversies since the death of its co-founder and former group chief executive, Derek Ong, in August 2023. Development costs for Tipsy Unicorn in 2023 exceeded the initial budget, increasing from $3 million to $6 million, even as shareholders cautioned about financial risks.
A legal battle for control of Tipsy Collective began in May 2024 following Ong’s death. The group previously owed October 2024 salaries to over 100 employees, but completed payments by mid-November after shareholders injected an undisclosed amount of money.
In a Facebook post dated Aug. 18, 2025, Tipsy Collective invited inquiries about booking event spaces at the Tipsy Unicorn premises. Attempts to contact Tipsy Collective, Tipsy Unicorn, and Tipsy Bird via phone, email, Instagram, and LinkedIn were unsuccessful.
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