Famous chocolate firm to be wound up
An award-winning Irish chocolate making firm that supplied top stores in both Ireland and the UK is to be wound up due to the failure to secure additional investment, the High Court heard yesterday.
Today at the High Court Mr Justice Peter Charleton appointed Neil Hughes as liquidator to Danucci Ireland Ltd, whose gourmet chocolates were sold at store including Donnybrook Fair, Mortons of Ranelagh in Dublin as well as by Harrod's and John Lewis in the UK.
The company, which had ten employees, also provided chocolates for the Ryder Cup gala dinner in 2006.
The firm, based at Blackthorn Business Park, Coes Road, Dundalk, Co Louth, had been in examinership since early June, as a result if it being unable to pay its debts.
It has been estimated that the order to wind up the company will result in a deficit of €602,000. It is understood that the company ceased early last month.
Counsel for Mr Hughes Gary McCarthy Bl told the court that his client had been appointed as examiner to the firm in June.
Counsel said that the examiner had hoped that a scheme of arrangement could be put in place to would allow the company to survive as a going concern.
Counsel said that the scheme was dependent on the company securing additional investment.
However despite interest from different parties, and one individual in particular, the firm was unable to secure the funding it required before the period of court protection ran out.
