Rest of post on my investdrinks blog here.
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.
Rest of post on my investdrinks blog here.
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