From Vineyards Direct.Com Limited (08854072): administration
- Status
- Administration ended
- Administration began
- 2019-09-11
- Administrators' firm
- Insolvency Practitioners of CVR Global
- Incorporated
- 2014-01-21
- Location
- Colchester
- Industry
- 47990 Other retail sale not in stores, stalls or markets
From the administrators' statement
3.1 Lee De’ath, a licensed insolvency practitioner at CVR Global LLP, was introduced to the Company by The Wine Company (UK) Limited who were an interested party in the investment/sale process.
3.2 It was concluded that Administration of the Company was the most appropriate way forward to achieve the best possible return to creditors by way of a pre-pack sale of the business and assets of the Company as a going concern
3.3 As the Company has a debenture in favour of Esquiline Finance LTD (“Esquiline”}, a notice of intention to appoint an Administrator (“NOI”) was filed on 14 August 2019 and from that point Mr De’ath and Richard Toone (also a partner of CVR Global and a licensed insolvency practitioner) acted as proposed administrators of the Company. Given time constraints and as no bidding party were ready to proceed before the first NOI expired on 28 August 2019 a second NOI was filed on 29 August 2019.
Administrators' statement of proposals (2019-11-11) · Companies House register