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News
Bordeaux Fine Wines put into provisional liquidation
Wine investment company Bordeaux Fine Wines has been put into provisional liquidation following an investigation by the Insolvency Service.
As reported by investment news website Fundweb, the provisional liquidation order was made by the High Court on 19 December 2013 “in the public interest” following a petition on behalf of Business Secretary Vince Cable.
The Croydon-based firm sold wines from Bordeaux and other fine wine producing regions by cold-calling potential investors.
“The Official Receiver has been appointed provisional liquidator of Bordeaux Fine Wines,” read a statement from the Insolvency Service.
“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,” it added.
The case is now subject to High Court action and no further information will be made available until the hearing of the petition on 26 February.
I have about £2700 invested Bordeaux fine wines how do I go about trying to getmy money back
I think trying to get your money back is not possible but you could do as i have done and try and get your asset (wine) back down side of that is to get it out of bonded storage you have to pay VAT and duty, alternatively leave it in storage and pay annual storage charges yourself.
I don’t know what wine you have but i can tell you mine is valued at about 25% less than i paid for it………..Regards Brian Olds
Hi Brian
How do you try to intend to try and get your asset back as have two cases myself in bonded storage. Any help or advice would be gratefully appreciated.
Dave
We have invested £41440/-. London city bond warehouse company saying that our client number does not exists. Then where is our wine gone? Does Mr. Kenneth Gundlach fooled us by selling fake certificates. Can somebody advised me how to approach to get my money back
I too have invested foolishly in a shocking scam. Is there any one who I can turn to for advice on recovery of money Alloan
Hello Dave
Upon Reflection I Have decided to leave the wine in bonded storage and subsequently paid the storage charges, before doing this i got LCB to confirm my investment, my hope is that eventually the value will improve……..i live in hope……Brian