LIQUID ACQUISITIONS BITES THE DUST
By Jim Budd
The DTI has notched up another success against fraudulent drinks companies, with the winding up of Liquid Acquisitions on 30 January at the High Court. The DTI originally petitioned to have the company closed in October 2001 on the grounds of misleading the public over likely returns. The court also found that the company, which was founded in June 2000, was controlled by the company secretary, Andrew Dunne. Dunne has been ordered by the court to pay both parties' costs, which are likely to total at least 25,000. VCA Vintners was also wound up on 23 January, following a DTI petition. The company was run by Simon Drake, an ex-employee of David Allan's Allwines, which went bust last year. Allwines' deficiency is now in the region of 3 million, with substantial amounts of clients' wine still missing.
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