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Saturday, 13 May 2017

Montevino Partners Ltd – another shocking investment bust




The Statement of Affairs has yet to appear on Companies House website. However, the following figures were provided by a creditor who attended the 28th April meeting.
 
From the £1.465 million of total debt, 53 individuals are owed £946,166 with trade customers owed £450,166 and HMRC £62,743. I assume that the 53 individuals are unfortunate investors, who thought they were buying wine from Montevino Partners but who now find that their wine was never bought and quite probably never ordered.
I understand that White has chosen to blame Brexit for the company's problems. All very convenient! However, I cannot see how Brexit prevents a company placing orders for wine for which they have received payment. 

Rest of post on my investdrinks blog here

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