D&D Wines proceeds to liquidation immediately

10th July, 2012 by db_staff

It has been confirmed that D&D Wines International liquidation has begun.

PKF accountants & business advisers have confirmed to the drinks business that Kerry Bailey and Trevor Birch have been appointed independent liquidators of D&D Wines International.

The company was placed into administration on 20 April 2012, with administrators from RSM Tenon being appointed by the directors.

At the first meeting of creditors – who are owed £10.5 million –  on 29 June, the proposals presented by RSM Tenon were rejected in their entirety.

Creditors with claims totalling £7 million in value passed a resolution that the company should proceed into liquidation within 14 days and that Kerry Bailey and Trevor Birch of PKF should be appointed as Joint Liquidators.

At a Court hearing on 9 July in the Manchester District Registry, the presiding judge ordered that the company should proceed into liquidation immediately.

D&D Wines International, based in Knutsford, Cheshire was incorporated in 1989 to carry forward the business of its proprietor, who had commenced trading in 1973.

A creditors’ report earlier this year for the wine distributor showed that Champagne house GH Martel is owed £790,000 and Spanish Rioja vineyard Bodegas Muriel is owed £2.8 million. While fellow Rioja wine producer Bodegas Eguia is owed almost £1.25 million and French wine group AdVini is owed £1.28 million.

D&D Wines hit trouble after one major overseas supplier started to invoice British retailers directly, cutting the distributor out of the loop and reducing its turnover.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Administrative Assistant

Swig Wines Ltd
Chiswick, London, UK

HR Manager

Amathus Drinks PLC
London, UK

Beer Development Specialist

Matthew Clark
London, UK

Senior Sales Manager

Haynes Hanson & Clark
Gloucestershire, GB

Customer Services Administrator

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Group
London, UK

Inventory Analyst

Bibendum PLB
London, UK

Events Executive - Atom Supplies

ATOM Supplies Limited
London, UK

Off-Trade Sales Account Executive

Domaine Direct
Nationwide, working from a combination of home & London office.

Sales Executive/Brand Ambassador

Glenfarclas
Ballindalloch, Speyside, UK

Client Manager

Noble Rot
Wandsworth, London, GB

Spirits Investment Director

Stilnovisti
London, UK

Junior Brand Manager

Enotria Winecellars
Park Royal, London, UK

Content & Digital Assistant

ABVGlobal
London, UK

Sales Manager

Cellar Trends
London, UK

Champagne Masters 2017

Deadline : 7th July 2017

The Global Sparkling Masters 2017

Deadline : 10th July 2017

The Global Malbec Masters 2017

Deadline : 10th July 2017

The Global Syrah Masters 2017

Deadline : 18th July 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more