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Tuesday, 18 April 2017

Montevino Partners Ltd – into liquidation (28th April 2017) + various updates including 'antics'

.... going bust .....


As already reported by investdrinks Thomas Roger White has decided to put Montevino Partners Ltd, the phoenix company of Spirited Ventures Ltd that traded as Montevino Partners, into voluntary liquidation. Spirited Ventures Ltd went into liquidation in July 2016 before being wound up in the High Court in August 2016. 

The creditors' meeting for Montevino Partners Ltd will be on April 28th 2017 at the Wenta Business Centre, 1 Electric Avenue, Enfield EN3 7XU, on 28 April 2017, at 11:00 am:




It was notable that in the statement of affairs for Spirited Ventures Ltd White failed to make a complete declaration of all creditors. He left out an unknown number of the company's private investors who had paid for wine they did not receive. It is still not clear whether this omission by White was deliberate or just down to incompetence. 

Mark Ireson of the Insolvency Service is currently investigating White's failure to list all the creditors with regard to Spirited Ventures Ltd. I understand from Ireson that a liquidator has now been appointed to wind up Spirited Ventures Ltd. Details: Andrew Kelsall and Lee Green of Larking Gowen Chartered Accountants,  King Street House, 15 Upper King Street, Norwich NR3 1RB [0845 077 4165; info@larking-gowen.co.uk]. Creditors can claim by contacting the liquidators.
 
I trust that White's statement of affairs for Montevino Partners Ltd will be this time be properly comprehensive and list all creditors. Practice they say makes perfect!

White's statement should include the investor who bought around £70,000 worth of Barolo but who has never received their wine. Hardly surprising when no order was placed with the producer....   

White's statement of affairs for Montevino Partners will be available free through Companies House's excellent Beta Service. I suspect I will not be alone in reading this statement with keen interest... 




Montevino Partners – Mark 3
To date there appears to be no sign of the promised Montevino Partners Mark 3

Thomas White has been promising potential backers of this new venture that he will be instructing solicitors to put forward a case for defamation in relation to my various posts about the Montevino Partners saga. 

Here are a selection of email messages from Thomas White to potential supporters of his latest venture:   
   
'Also have instructed them to look into Jim Budd what can be done to stifle him to stop him damaging the Newco before we start.'  (Thomas White: 20.2.17)
 
'And I will be engaging the solicitor to continue to look at Mr J Budds (sic) antics, I don't wish him to jeopardise what we are trying to do, we require fair treatment.' (Thomas White: 22.2.17)

'I am still awaiting the full feedback from solicitor regarding the defamation posts online and what can be done or the approach that is best to take. It is a frustrating delay but I'm sure you agree that I wish to make sure that before we launch our new ship for its voyage beyond the harbour, we should check what the weathers like at open sea and if any storms are likely from Mr Budd.

So I will be actively chasing this advice down next week, so will update again when possible.' (Thomas White – early March 2017).

Despite Mr White's 'active chasing' I have yet to receive any communication from any solicitor acting for Thomas White, who I invited in February 2017 to inform me what he believed was 'defamatory' in my posts. To date I have received no reply from White. Probably hardly surprising as my posts are largely based on material that White himself has filed with Companies House.

Has White's intention to launch a third 'Montevino Partners' been slowed by the very welcome investigation by the The Insolvency Service or has White perhaps failed to convince enough clients of Montevino Partners to sink more good money after bad? Have they looked at White's record as a director at Companies House and concluded that 'third time lucky' is a gamble too far? 

We will see ....    






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