Monday, 15 July 2013
European Fine Wines: two directors (Scott Assemakis and David Evans) banned for 11 years each
Scott Assemakis 'UK based entrepreneur' - Twitter page
'founder of the hugely successful EFWines'
Two European Fine Wines Ltd directors have been banned from being directors for 11 years each for their role in two land banking scams. They are: David Evans (DOB: 28.5.1953) banned from 10.7.2013 to 9.7.2024 and Scott Assemakis (DOB: 15.1.1980) banned from 8.7.2013 to 7.7.2024. They both resigned as directors of European Fine Wines on 28th June 2013. On the same day Assemakis and Evans also resigned as directors from Sawa Wines Ltd (registered and trading address: 68 Lombard Street) formed 6.6.2012 – original name – European Fine Wines (2012) Ltd. Annual return is now overdue: 4.7.2013.
Although Assemakis Twitter profile says that EFWines was set up in 2005 it was European Fine Wines Ltd that was founded in August 2005. EFWines Ltd was set up on 24th August 2012 with Jonathan Ross Barr as the sole director. He has been a director of European Fine Wines Ltd since 2008. Like European Fine Wines Ltd, EFWines Ltd lists 68 Lombard Street, London EC3 9LJ as its registered and trading addresses.
European Fine Wines Ltd has been mooted as a possible candidate for membership of the WIA (Wine Investment Association).
Details see Tony Hetherington Mail on Sunday (14.7.2013) – relevant section highlighted:
‘Ten-year ban for land cheat director
The Government-run Insolvency Service has scored half a dozen new victories in its fight to ban dodgy directors from the boardroom.
Terence Christopher Farr, 31, from Romford, Essex, has been disqualified from acting as a company director for ten years for operating illegal land investment schemes.
I talked to Farr in 2010 and warned investors to steer clear. He was marketing investments without a licence from the Financial Services Authority and advertised his business, Claremont Forbes Land & Property Limited, as a leading company even though it was only six months old. It went into liquidation a year later after raking in £944,000 from the public without keeping proper records. Insolvency Service investigator Mark Bruce describes the size of the unexplained deals as ‘highly suspicious.’
Separately, a gang who ran a series of corrupt land investment companies based in Bromley, Kent, has also been disqualified from running any limited company.
Scott Assemakis, David Evans and Gavin Gravesande are banned for 11 years, and James Murphy and Dominic Whatley for ten years. They were behind a string of companies, including The Property Partnership and Burnhill Land Investments. The ban has forced Assemakis and Evans to quit as directors of investment business European Fine Wines Limited.'
Scott Assemakis' role in the Property Partnership (no connection with the Surrey based building services firm Land Investments UK Ltd trading as The Property Partnership) and Burnhill Land Investments was featured by BBC's Money Box in May 2011 – Land 'scams' techniques revealed.
Unrelated to investment Scott Assemakis has two driving convictions. In 1999 he was convicted of causing death by careless driving. Then in April 2006 he was jailed for 15 months for dangerous driving. He had been racing Dhugal Robertson in Hayes, near Bromley, Kent. Robertson was jailed for 8 months.