Choccywoccydoodah went bust because of a “challenging trading environment, increased costs and declining margins” it was revealed today.
Business advisory firm Quantuma confirmed it had been appointed by the Brighton chocolatier to place the company into voluntary liquidation.
News of the Lanes shop’s demise shocked Brighton and Hove last week, but it was particularly devastating for couples who had commissioned wedding cakes and paid deposits of hundreds of pounds.
One, Nicole Sumpter, said: “It’s not great for people like me who have to find a new supplier and are £1,000 down with two weeks to go.”
Emily-Jane Moore said: “We are due to get married in November and they were due to make our wedding cake and we paid them £500 in deposit.
“The full cost of the cake was £1,400-ish off the top of my head. We’ve been told it is in administration, if the bank can’t pay we need to claim on liquidation but looking at the finances there won’t be anything left for us.”
Sean Bucknall and Brian Burke at Quantuma have been instructed by the directors of Choccywoccydoodah Limited to assist in placing the company into Creditors’ Voluntary Liquidation and winding up the company. All operations have ceased and both shops have now closed.
Sean Bucknall, Partner at Quantuma, said: “Due to financial difficulties as a result of a challenging trading environment, increased costs and declining margins, Quantuma has been instructed by the directors to assist in placing the company into liquidation.
“Quantuma has been in contact with customers that have been affected and will endeavour to make this a smooth a process as possible for all stakeholders.”
Founded in 2001, Choccywoccydoodah had a shop in Meeting House Lane, where it moved to from its Duke Street store, and had recently opened a three-storey flagship store in Covent Garden, London.