UK-based wine investment company Bordeaux Fine Wines Ltd has been put into provisional liquidation in the public interest.
The move follows a petition to the High Court by the Insolvency Service.
Bordeaux Fine Wines Ltd (BFW) was formed in September 2008 with a registered office in Bromley. Its sole director and shareholder is 30-year-old Ken Gundlach.
In 2012, BFW had a turnover of GBP19.3m. Dividends payable totaled GBP4.7m and it sponsored the Racehorse Owners Association’s horseracing awards that same year.
Gundlach is also a director of Bordeaux Merchants Ltd, Capital Wealth Venture Limited, Hunter & Reynolds Ltd and Invest in Storage Ltd.
Bordeaux Merchants Ltd, Hunter & Reynolds Ltd and Invest in Storage Ltd have now applied for voluntary dissolution. A full hearing of the Insolvency Service’s petition against BFW will be heard in the High Court on 26 February.
Written by Jim Budd