Fri, 31 May 2019 | ADMINISTRATION
A high-end chocolate maker has collapsed into administration after being hit by “negative trading conditions”.
Rococo has been forced to appoint insolvency practitioners BDO LLP to handle the administration process, with partners Kerry Bailey and Danny Dartnaill appointed as joint administrators.
Dartnaill said: “Difficult trading conditions negatively impacted the company's working capital position and an administration was required to provide a stable financial platform to rescue the company.
“The joint administrators are continuing to trade Rococo Chocolates and are hopeful that a purchaser for the company or the business will be found.”
Rococo was established in 1983 by Chantal Coady when she was just 23 years old, after working in Harrods selling sweets and chocolates. She has since been awarded an OBE in 2014 for “services to chocolate”.
In a long-term partnership with a small cocoa farmer located in Grenada, Spain, the brand has 66 members of staff to its name to create luxury, ethically-produced artisan chocolate, which sells as individual bars or as gift boxes The company is also known for creating a limited edition chocolate caviar in 2017.
Rococo has five stores in central London, including its flagship retailer on King’s Road in Chelsea, as well as an online portal.
The administrators will continue to trade the business while they search for a new owner. Expressions of interest from potential buyers are invited immediately.
Click here to view the Rococo Chocolates Limited listing for full details.
For more news stories about administrations click here. For all our administrations listings, click here.
Sales are predominately generated through the company’s comprehensive e-commerce website which enables the business to distribute goods to clients both domestically and internationally.
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