Wine Traders International Limited (in liquidation)

In the High Court of Justice 
Chancery Division

Companies Court

No. 1873 of 2010

Wine Traders International Limited (in liquidation)

Take notice that, following a winding up order made on 5 May 2010, Trevor John Binyon and Stephen John Parker of Sherlock House, 73 Baker Street, London W1U 6RD were appointed Joint Liquidators of the said Company at a meeting of creditors held on 28 July 2010. Creditors of the above-named Company are requested, as soon as possible and preferably within fourteen days, to send in to the Joint Liquidators of the said Company their full names, their addresses and descriptions, the name and address of their Solicitors (if any), and full particulars of their debts or claims, including: purchase invoices, evidence of payment to Wine Traders International Limited (or if paid to another entity, its identity), certificates of allocation or ownership, portfolio evaluations and copies of all correspondence with the Company.

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Please note that this is a statutory legal advertisement that I have happily agreed to post. I urge all creditors to contact the appointed liquidators.

Wine Traders International Ltd: creditors' meeting

A meeting of creditors has been called by the Official Receiver for Wednesday 28th July at 11am. It will be held at the offices of the Official Receiver, 21 Bloomsbury Street, London WC1B 3QW.

See also this earlier post.

Wine Traders International Ltd – message from RSM Tenon

Message from RSM Tenon: 

'Wine Traders International Limited has been wound up in the High Court of Justice no. 001873 of 2010 on 5 May 2010 by the Secretary of State for Trade and Industry in the public interest.

The Official Receiver, 21 Bloomsbury Street, London, WC1B 3SS is dealing with the matter following the winding up order on 5 May 2010.

Mr Stanley Coltman and Mr Alexander Kinninmonth of RSM Tenon (www.rsmtenon.com) have been nominated by creditors (investors) to act as liquidators and they have agreed to investigate this matter and deal with the ownership of the wines and realisation of the assets and distribution of future dividends to creditors.  They would like to hear from any creditors (investors) who are involved in this matter and  you are invited to contact Mark Hendrick, Associate Director at RSM Tenon on 020 7448 8115 or Robert Beat, Director at RSM Tenon on 020 7448 8111 and they will be happy to assist you in this matter.'

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If  there are other companies who have been contacted by investors with Wine Traders International Ltd and who may also be looking to be appointed as liquidator by the official receiver I would be happy to post a similar message to the one above.

Wine Traders International Ltd (an update)

investdrinks understands that the winding up petition followed an investigation by the Companies Investigation branch.  The Insolvency Service will appoint a liquidator. However, it is not known when this will be.

I understand that Wine Traders International along with the related companies – Assets Vins Rouge Ltd and Bradshaw & Karr are under police investigation. 

Several clients of Wine Traders International have contacted RSM Tenon, who acted as liquidators in a number of the cases of wine investment companies closed in the public interest – Goldman Williams and City Vintners being the most notable. RSM Tenon is in the running to be appointed as liquidator in the case. Apparently some investors have ownership certificates that include rotational numbers; others do not.

It seems quite possible that Wine Traders International only bought part of the wine that investors ordered from them.

Wine Traders International Ltd

This company was wound up in the public interest in the High Court in London on 5th May 2010. This explains why I have received messages from this firm's customers who have been unable to contact the company.

I expect to post further details on Friday.

Assets Vin Rouge Ltd/ Wine Traders International Ltd

I see there was a Mongolian Charity Rally in 2009. Once of the entrants were Gobi Taxis Co who entered a van and succeeded in driving it to Mongolia to raise money for charity. One of their sponsors was Assets Vin Rouge Ltd described on the Gobo Taxi Co site as 'a small but experienced boutique wine investment company and they have kindly decided to sponsor us with a monetary contribution towards our fuel and vehicle costs.'

Assets Vin Rouge Ltd of 1st Floor Midas House, 62 Goldsworth Road, Woking, Surrey GU21 6LQ was founded on 7th July 2006. Its website (www.assetsvinrouge.com) was registered on 26th March 2008. It is 'currently under construction'. It does, however, appear to have an uncertain future as UK Companies House shows that it faces the threat of being struck off, presumably for non-compliance as the accounts are overdue from 31st May 2009 and their latest return should have been filed on 31st August 2009. 

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Another wine company, Wine Traders International Ltd, may also be in danger of being struck off for non-compliance. Although Companies House has not started the process the company's accounts are overdue since 30th July 2009 and their latest return should have been filed on 7th October 2009. 

There is a posting on Wine Traders International Ltd on the Other news section of www.investdrinks.org