Having spoken this afternoon to the liquidator, Nedim Ailyan (Abbott Fielding), the news on the en primeurs appears to be rather more postive than initially feared. Ailyan has been in contact with Octavian Vaults as well a merchants and brokers such as Farr Vintners, Wilkinson and Bordeaux Index and from replies so far received it appears that Bordeaux UK did place en primeur orders and had made payments. One unnamed broking company told him that of £135,000 ordered payments totalling £120,000. However, Octavian Vaults have been swamped with phone calls over the last two days, while Ailyan has taken over 100 calls. It is likely to take some time before it can be fully established whether what clients ordered to matches the orders placed by Bordeaux UK Ltd.
Regarding the estimated deficiency Ailyan believes that this may be less than £250,000 but obviously this could change once all the figures are in. "We were approached some six or eight weeks ago when initially the idea was to go for a solvent liquidation (Members' Voluntary Liquidation) but the continuing fall in the value of top wines made the company insolvent on paper."
NS & IV Ltd (co number: 07496940)
Vin Bordelais Ltd: web page – same logo and phone number as Bordeaux UK Ltd