UK Government

Insolvency Service: Pontoon! – CIB winds up 21 companies in a day

Press Release  •  Feb 17, 2010 09:51 GMT

Companies wound-up following investigations by The Insolvency Service's Companies Investigation Branch

On 28 January 2010 the Companies Court wound-up 21 companies on petitions brought by The Insolvency Service’s Companies Investigation Branch.

6 of the companies were involved in the fraudulent certification of consumer products.

9 companies were part of a land-banking scheme..

2 companies acted as online ticket agents, but had failed to provide tickets they had sold.

1 company was involved in a fraudulent wine investment scheme.

3 companies were involved in defrauding suppliers.

This illustrates the wide variety of investigations conducted by Companies Investigation Branch, and the robust approach the Court takes when presented with evidence of fraud or malpractice.

Notes to editors

1. The companies involved in the fraudulent certification of consumer products were:

Holytech (U.K.) Certification & Inspection Laboratory Ltd  
SG Testing & Certification UK Co., Ltd   
Intercert Approvals Limited    
ESC Certification & Testing Service Ltd   
Auger Certification & Testing Service Ltd   
VOV Certification & Testing Laboratory Limited

2. The land banking companies were:

Leaders In Land Ltd   
Agri Ventura Plc   
Dunnsmoor Property Management Limited   
Dricklehome Ltd   
Kelverdale Ltd   
Heraldon Estates Ltd   
Arvida Estates Limited   
The Impact Marketing.Com Limited   
Farm Venture Ltd

3. The online ticket agency companies were:

Ticketmate Limited   
The Online Ticket Exchange Limited

The other companies wound up were:

Elite Wine Portfolios Limited   
Addictive Flava Roadshow Limited   
Vanish Limited   
Maverick Technical Solutions Limited

4. The Insolvency Service carries out confidential enquiries on behalf of the of the Secretary of State for Business, Innovation and Skills through Companies Investigation Branch.

5.  The Insolvency Service administers the insolvency regime investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. The Service also authorises and regulates the insolvency profession; deals with disqualification of directors in corporate failures; assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees; provides banking and investment services for bankruptcy and liquidation estate funds; and advises ministers and other government departments on insolvency law and practice.

6. Further information about the work of The Insolvency Service is available from http://www.insolvency.gov.uk
Insolvency Service, 21 Bloomsbury Street, London, WC1B 3QW

7. Media Enquiries should be directed to:  Ade Daramy, Press Officer on 020 7596 6187, Insolvency Service, 21 Bloomsbury Street, London, WC1B 3QW.

Contacts

NDS Enquiries
Phone: For enquiries please contact the above department
ndsenquiries@coi.gsi.gov.uk

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