Court warns of lengthy process winding up Oenofuture’s liquidation
The High Court has appointed a liquidator for Oenofuture Limited, the company that held the majority of the Oeno Group’s wine investment, but warned that the compulsory winding-up process is likely to be “very lengthy”.
The compulsory winding-up order, which was made on 4 March, sees Steven Illes and Andrew Duncan of MHA Advisory Limited appointed as joint-liquidators for the company, ending the provisional liquidation order that has been in place since 5 February.
In addition to winding down the company – which includes protecting and securing company assets, records and property, they will investigate what went wrong and cause the company’s failure, including looking at the conduct of its directors.
However, it warned that this was likely to be “a very complicated and lengthy process”, and the City of London Trading Standards had previously warned customers that they may not get their money back.
The government’s insolvency service noted there were around 2,600 investors who have paid money to Oenofuture Limited over the last few years – and it is estimated that around 80% of client’s wine from the OenoGroup was held by Oenofutures Limited.
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Previously, a statement on the company’s website said that “perhaps” only 20% was held in individual customer accounts (and therefore accessible) even though “efforts have been made behind the scenes to transfer as much wine as possible from Oenofuture Limited into individual customer accounts”.
Investors are being urged to register with the liquidator by emailing [email protected].
So far, it is unknown what went wrong – although it is worth noting that Oenofuture Limited lost its approved status on the Alcohol Wholesaler Registration Scheme register back in October 2025, several months before it quietly closed its offices.
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