European Fine Wines Ltd – liquidation beckons?

 

The Bromley premises of European Fine Wines Ltd:

11 Bromley Common, Bromley BR2 9LS 
(Google maps – street view)

European Fine Wines Ltd, one of the longest running dubious wine investment companies – two former directors banned for land banking scams, appears to have ceased trading and is likely to go into liquidation:

 

From investdrinks blog (for rest of post):

'The signs suggest that European Fine Wines Ltd (also called EFWines) has ceased trading and is likely to go into liquidation. The company was set up on 15th August 2005 and has been one of the longest running dubious wine investment companies.

I received an email this morning telling me that all the staff had been 'sacked'. The Bromley phone number has been unable to any calls throughout today as 'all of our lines are busy'. The company accounts have been overdue since 30th November 2013 and the company website (www.efwines.com), which was live earlier today, is now off-line and suspended. It is reported that the debts of European Fine Wines Ltd are between £500K and £1 million. It remains to be seen whether any of this is wine ordered by its clients. I suspect that there will be a number of clients who will now discover that they have paid over the odds for their investment wines.'