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Bordeaux Fine Wines investment company put into provisional liquidation

Published:  03 January, 2014

Bordeaux Fine Wines Limited, which sold wine to investors, was put into provisional liquidation by the High Court on December 19, 2013, following an investigation by the Insolvency Service.

The Croydon-based firm sold fine wines, mostly from Bordeaux, as investments by cold-calling potential customers.

The order to put the firm into provisional liquidation follows a petition on behalf of the Business Secretary Vince Cable.

A statement from the Insolvency Service reads: "The Official Receiver has been appointed provisional liquidator of BFW. The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petition.

"The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect the assets including any third party or trust money or assets in the possession or under the control of the company."

The case is now subject to High Court action and no further information will be available until the High Court hearing on February 26 2014.