Giles & Posner Limited (05260676): administration
- Status
- Administration ended
- Administration began
- 2011-12-16
- Administrators' firm
- MHA
- Formerly
- The Chocolate Fondue Limited
- Incorporated
- 2004-10-15
- Location
- London
- Industry
- 10821 Manufacture of cocoa and chocolate confectionery
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 15 October 2004 and traded as a manufacturer and supplier of chocolate fountains and other related products
It was established in 2001 by Darren Giles and Justin Posner, and based in South London/Surrey Justin Posner left the company and sold his shareholding to Hitesh Patel in 2008/2009 who became managing director
Although the accounts for the 18 months to 31 March 2010, detailed below, show a profit after tax of £244k on turnover of £3 8m, that period included two Christmases, a peak sales period for the company It will be apparent from the company’s financial statements for subsequent periods, summarised below, that the company incurred very significant trading losses in those periods
Administrators' statement of proposals (2012-02-21) · Companies House register