Sheffield’s most famous cupcake retailer Fancie has collapsed into liquidation for the second time.
Boss Amanda Perry called it a day after Christmas trading failed to save the company from becoming insolvent – and unable to pay its debts.
She chose a creditors’ voluntary liquidation and instructed Adrian Graham, of insolvency practitioners Begbies Traynor, to call a creditors meeting at its Sheffield office.
Mr Graham said none attended, but ‘quite a few’ voted by post for the company, FC&Co, to enter liquidation.
Mr Graham said it has not traded since Thursday’s meeting, when all staff were made redundant.
An external manager, who has no connection with Ms Perry, is currently running the sole remaining outlet – on Ecclesall Road – under licence.
Mr Graham said: “It’s unfortunate because Ms Perry tried hard, but has decided to call it quits.
“It appears she had not recovered from the previous business, she inherited some debts and in the end it was too much.
“There are a few parties interested in buying the assets, including the name.”
The demise of FC&Co comes after the original Fancie entered liquidation in May with debts estimated at £250,000.
Set up by Ms Perry in 2007, it initially soared on the back of the cupcake craze.
At its height it had four outlets including the original café on Sharrow Vale Road and a kiosk in Meadowhall shopping centre.
However, the Meadowhall site was a financial drain and the final nail was a five-figure demand for rates from Sheffield Council.
FC&Co, which lasted six months, was set up after Fancie entered liquidation.
Ms Perry was unavailable for comment.