Chocolate store shuts up shop

LAURA BASHAM
Last updated 08:07 02/10/2012
cocoa
MARION VAN DIJK/FAIRFAX NZ
CHOCS AWAY: Cocoa on Hardy Street has closed after its owner was declared bankrupt.

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Cocoa, the chocolate shop on Nelson's Hardy St has closed, with its owner bankrupt.

Robert John Rood was declared bankrupt on September 6, and his company, 1924 Trust Ltd was placed in liquidation on September 19.

The shop, which had been there since 2005, closed the next day.

Liquidator Malcolm Hollis, of PricewaterhouseCoopers, said in his first report that the company had ceased trading after trading at a loss for at least two years.

The company's liquidation followed as a result of the bankruptcy of the shareholder, Robert John Rood.

The report shows a shortfall of $156,577 to creditors - $68,772 to secured creditors, $27,975 to preferential creditors and $59,830 to unsecured creditors.

It also noted that an employee was owed a week's wages and holiday pay was owed to three empoyees.

The company's assets would be sold at auction.

The premises is up for lease again. Bevan Dixon, of Summit Real Estate, said the lease sign had gone up on Friday and he had been getting calls daily.

"The inquiry rate is more than satisfactory," he said.

Another Cocoa outlet in the Richmond Mall closed earlier this year.

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