BPT101 Limited (05841237): administration
- Status
- Administration ended
- Administration began
- 2018-08-09
- Administrators' firm
- Rubin of David Rubin & Partners
- Formerly
- The RAW Chocolate Company Limited
- Incorporated
- 2006-06-08
- Location
- London
- Industry
- 10821 Manufacture of cocoa and chocolate confectionery
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 8 June 2006 and its principal activity is manufacturing cocoa and chocolate confectionery.
The Company was founded by the Director Linus Gorpe following his personal interest in raw foods diet and he started to develop chocolate foods using raw cocoa. The Company’s ethos was to produce chocolate products using an environmentally friendly manufacturing process, using quality fair-trade ingredients such as raw cocoa and vanilla, together with environmentaily friendly packaging.
It started trading shortly after incorporation from leasehold premises at Unit 3, Mackleys Business Park, Henfield Road, Small Dole, BNS 9XR (“Unit 3”). The business was a fresh start and not as a result of an acquisition from an insolvency process. The current lease at Unit 3 is for a term of 10 years commencing on 1 June 2014 with an annual rent of £29,250 currently, rising to £32,500 for the last three years to 31 May 2024, payable quarterly. The rent has been paid up to the end of November 2017 and there are arrears of circa £17,000.
Administrators' statement of proposals (2018-09-11) · Companies House register