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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.
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Jim Budd moved from education to wine in 1988 and has written for Decanter since 1989. He is the former editor (1991-2015) of Circle Update, the newsletter of the Circle of Wine Writers. He writes the award-winning www.jimsloire.blogspot.com and is one of the five members of the Les 5 du Vin blog. Budd exposes the dangers of drinks investment on his award-winning www.investdrinks.org website, and complementary www.investdrinks-blog.blogspot.com blog. He also contributes to Hugh Johnson’s Pocket Wine Book, Wine Behind the Label and the Academie du Vin. Budd is a keen photographer – especially in the Loire.