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Luxury chocolate maker goes bust Luxury chocolate maker goes bust
(about 2 hours later)
A Glasgow-based luxury chocolate maker has gone into administration with the loss of 25 jobs.A Glasgow-based luxury chocolate maker has gone into administration with the loss of 25 jobs.
Kshocolat was formed in 2003 and sold packaged products from its own shops in Glasgow, Edinburgh and London. It also sold stock to independent retailers.Kshocolat was formed in 2003 and sold packaged products from its own shops in Glasgow, Edinburgh and London. It also sold stock to independent retailers.
Administrators said that the firm encountered cash flow problems caused by the impact of the recession on consumer spending.Administrators said that the firm encountered cash flow problems caused by the impact of the recession on consumer spending.
They are now seeking offers for the company's stock and brand.They are now seeking offers for the company's stock and brand.
Tom MacLennan, joint administrator from RSM Tenon, said: "Kshocolat is a unique brand that has grown its variety of products and reputation over recent years.Tom MacLennan, joint administrator from RSM Tenon, said: "Kshocolat is a unique brand that has grown its variety of products and reputation over recent years.
"We would ask any interested parties to make contact without delay.""We would ask any interested parties to make contact without delay."
Founded in 2003 by entrepreneur Simon Coyle, Kshocolat's products included chilli almond chocolate, champagne truffles and lemon and black pepper in white chocolate.