India's Largest Database on New Projects
Uncertainty looms over Browne’s Chocolates
14 March 2011: The future of Harrods chocolate supplier Browne’s Chocolates hangs in fire as insolvency practitioner Neville & Co examines its books.
Plymouth based Neville & Co refused to comment directly on the case. Browne's – which shut its doors recently – has yet to enter either administration or voluntary liquidation. Neville & Co – who is handling the case – will meet with the firm’s directors and creditors soon to look into the company’s affairs and decide its future.
Administration means that parts or all of the company could be saved, whereas voluntary liquidation will see it cease trading altogether.
Browne’s has transferred its registered company address to the address of Neville & Co, which sources suggest indicates that administration is the most likely outcome.
Source: Foodmanufacture