Dunedin craft chocolate company Ocho faces the prospect of being put into voluntary liquidation.
The directors of Dunedin craft chocolate company Ocho are proposing to wind up the company amid financial difficulties.
The board today notified staff and shareholders that it was seeking voluntary administration, saying it believes the company is unable to trade out of its current financial situation and has no prospect of achieving future profitability under the current business model.
This is not a decision that has been made lightly and the new board is mindful what this announcement means for the 11 highly talented and dedicated Ocho staff, board chairman Pete Lead said.
While Ocho Limited is currently solvent and can continue to trade f…
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