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.
Long established and highly profitable on-line retailer of premium quality rattan/wicker home furniture/storage products. Established as one of the country's leading suppliers of a large range of rattan products for the modern home. The products are...
RELOCATABLE
The company specialises in domestic and industrial garden machinery, cleaning equipment, spares and parts. Products include, pressure washers, vacuum cleaners, hedge trimmers, strimmers and heaters.
LEASEHOLD
A market-leading retailer of a diverse range of DIY products for clients throughout the UK. Functions as a one-stop shop for all of its clients’ requirements, providing complete solutions.
FREEHOLD
|
26
|
|
Feb
|
Hanson-owned brickwork contractor closes down | BUSINESS NEWS
Brickwork firm Irvine-Whitlock, a subsidiary of building mat...
|
25
|
|
Feb
|
Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS
Acquisitive wealth management firm Fairstone Financial Manag...
|
24
|
|
Feb
|
Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE
Nestlé has strengthened its position in the e-commerc...
Sign up to receive our acquisition alert emails to get your FREE guide
|
27
|
|
Jun
|
Administrators appointed for major bathroom retailer – buyer sought immediately | ADMINISTRATION
With 135 stores dotted around the country, and thought to be...
|
14
|
|
Jun
|
Bedding retailer fall into administration after running into troubles on the high street | ADMINISTRATION
The Yorkshire Linen company has been forced to shut its door...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources