Business & Technology
Premium UK chocolate company collapses into administration
Marasu’s Petit Fours was founded back in 1986 by “master-patissiers” Rolf Kern and Gabi Kohler.
The aim of the business was to supply “London’s top hotels, restaurants and clubs with premium chocolates and petits fours”.
The company grew to become London’s largest producer of premium chocolates, with annual production of over 300 tonnes from its 25,000 sq foot facilities in Park Royal, according to business experts Odoo.
Marasu’s, which was acquired by Prestat Group Ltd in 2006, has provided chocolates to some big-name brands, including:
- Selfridges
- Harrods
- Fortnum & Mason
- Pret a Manger
Marasu’s Petit Fours at risk of closing as it enters administration
After 40 years, Marasu’s Petit Fours is now at risk of closing.
The premium chocolate company entered administration last month, according to Companies House, along with its parent company Prestat Ltd.
Alessandro Sidoli and Jessica Barker of Xeinadin Corporate Recovery Limited have been appointed joint administrators.
Marasu’s collapse follows a tough few years for chocolate manufacturers.
The Grocery Gazette explains: “Global cocoa prices surged to record highs in 2024 after disease and extreme weather hit crops in Ghana and Ivory Coast, which together account for around 60 per cent of global cocoa production.
“For premium chocolate manufacturers, sharply rising ingredient costs, combined with higher energy and operating expenses, have significantly squeezed margins even for established heritage brands.”
What happens when a company goes into administration?
Put simply, when a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.
Companies House adds: “When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.
“An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process.”
A statutory moratorium is put in place once a company enters administration, giving it “breathing space” to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.
A company can continue to trade while in administration, but daily management and control is handed over to the administrators.
Companies House continues: “Within 8 weeks it is the administrators’ role to formulate administration proposals.
“Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.
“If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority.”
Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.
Through administration, a company can be:
- Rescued and passed back to the directors
- Enter liquidation
- Be dissolved
Other UK companies that have closed or entered administration/liquidation in 2026 (so far)
It has been a rough start to 2026 for the UK high street, with several retailers entering administration and others announcing widespread store closures.
Major high street retailers, including River Island, Primark, and Poundland, have already been forced to close stores in 2026, while Revolution and BrewDog have shut the doors to 21 and 38 pubs, respectively.
Several other retailers have fallen into administration recently, including:
Meanwhile, four UK travel companies have closed in the opening weeks of 2026:
EcoJet Airlines, billed as “the world’s first Electric Airline”, has also entered liquidation after just three years, resulting in the cancellation of all planned flights.
What has a nose, wings and runs off of hydrogen? Ecojet 😎 pic.twitter.com/y8QGiBdFe2
— ecotricity (@ecotricity) July 17, 2023
UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost.
Tesco also recently revealed plans to cut 380 jobs in stores across the UK, while it’s been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs.
It’s not been all bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug.
Have you tried Marasu’s Petit Fours chocolates before? Let us know in the poll above or in the comments below.
The Original Factory Shop which sells discounted homewares, furniture, electrical goods and toys, shut its store in Carterton yesterday (Saturday, March 28).
On the business’ Facebook page, last-minute discounts were being offered with clothing down to £2 an item.
READ MORE: Store closure fears as UK discount brand in administration
On Thursday, March 26, a spokesperson for the store said: “Everything in store is now up to 85 per cent off as we prepare to close our doors this weekend.
“This is your last chance to grab a bargain – once it’s gone, it’s gone.”
Following that announcement, prices were subsequently lowered and lowered.
Other branches around the UK also shut yesterday including in Cromer, Gorleston and Bungay in Norfolk and Suffolk with major sales also being implemented at other locations.
This comes after the business fell into administration in January, with further closures also expected imminently in Snettisham, according to The Sun, and around the country.
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Administrators said The Original Factory Shop’s troubles have been driven by challenging trading conditions, linked to high-cost inflation, fragile consumer confidence and rising labour costs caused by government policies.
Problems were then exacerbated by issues linked to its third-party warehouse and logistics operator, weakening sales further.
It only has one store in Oxfordshire, its Carterton shop, although Claire’s – which is also owned by investment firm Modella Capital and is in administration – has one in the Oxford Westgate shopping centre.
The fashion retailer this month closed down its store in the Oxford city centre shopping centre having opened in October 2017 as part of the £440m revamp.
It was one of the original retailers as part of the shopping centre’s new phase of life, along with John Lewis, Primark and Next.
A spokeswoman from Hugo Boss said: “Hugo Boss optimises its global store portfolio as part of its long-term strategy, which also affects the Boss Oxford Westgate Centre store.
“Hugo Boss will maintain a strong presence in the UK, and we will also continue to serve our customers via our online flagship store at hugoboss.com.”
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The company did not say whether any redundancies had been made from closing the store.
The spokeswoman said: “Wherever possible, we reallocate employees through transfers or other internal opportunities.”
There are indeed other branches not too far, including at Bicester Village, Swindon and Reading.
A spokeswoman for the Westgate said: “We remain committed to making Westgate Oxford a vibrant and varied retail destination for our guests, welcoming exciting new arrivals such as Sephora, The Beefy Boys, and the opening of Lego later this spring, as well as recently upsized stores for Oliver Bonas, Goldsmiths, and Superdrug.
“We look forward to sharing more details about new brands joining the centre soon.”
Henley Business Buzz hosted its first event at Henley Rugby Club, drawing more than 30 businesses and decision-makers from the local area.
The group is part of the wider Business Buzz network, offering informal, no-membership, pay-as-you-go networking that focuses on building professional relationships in a relaxed setting.
Orinta Gaucyte, host of Henley Business Buzz, said: “It was fantastic to see so many local businesses come together for our first Henley Buzz.
“There’s something really special about building a supportive community where people feel comfortable, included and able to make genuine connections.
“A huge thank you to everyone who came along and helped make the launch such a success.”
The launch was attended by Business Buzz co-founders Katrina Sargent and Simon George, who officially opened the event.
The Henley meetings are supported by sponsors Logic Financial Services and Logic Mortgages.
Lee Humphrey, of Logic Financial Services, said: “It’s brilliant to see an event like Business Buzz arrive in Henley.
“Creating opportunities for local businesses to connect in a relaxed and approachable way is incredibly valuable for the town, and we’re proud to support something that brings the business community closer together.”
Henley Business Buzz will take place on the fourth Thursday of each month, with the next event scheduled for Thursday, April 23.
All businesses, entrepreneurs, and professionals in the area are welcome to attend.
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