UK: Bordeaux Fine Wines in provisional liquidation following probe
Bordeaux Fine Wines Ltd, a UK-based company that sold wine to investors, has been placed into provisional liquidation by the country's High Court.
The UK Government's Insolvency Service said that, following an investigation, the Kent-registered firm was placed into insolvency in "the public interest" on 19 December. The firm sold fine wines, mostly from Bordeaux, by cold-calling potential customers, according to a statement from the Insolvency Service.
The High Court order follows a petition on behalf of the Secretary of State for Business, Innovation and Skills, Vince Cable, the agency said.
The Government's “Official Receiver” has been appointed as the provisional liquidator of Bordeaux Fine Wines.
The case is now subject to High Court action with the hearing of the petition due to be heard on 26 February, the Insolvency Service said. No further information will be made available until the hearing, it said.
Bordeaux Fine Wines has yet to respond to an email request for comment from just-drinks today (3 January).
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