Insolvency Service (National): High Court orders six land banking companies to close

The Secretary of State for Business, Innovation & Skills has presented petitions in the High Court to wind up in the public interest Stowford Place Investments Ltd, ASA Global Investments Limited, Prinston Estates Limited, Alpha Capital Investments (London) Limited, Greenacre Global Partners Limited and Vinci Trading Ltd.

The petitions to wind up the companies were presented following confidential enquiries carried out by Company Investigations, part of the Insolvency Service, under section 447 of the Companies Act 1985, as amended.

On the application of the Secretary of State the Official Receiver has been appointed by the Court as provisional liquidator of the companies. The role of the Official Receiver is to protect the assets and financial records of the companies pending determination of the petitions. The provisional liquidator also has the power to investigate the affairs of the companies insofar as it is necessary to protect the assets including any third party or trust monies or assets in the possession of or under the control of the companies.

As the matter is before the Court no further information will be made available until the petitions are determined. The petitions are listed for hearing on 29 June 2011.

Ends

Notes to editors

1. Stowford Place Investments Ltd was incorporated as a private company on 14 January 2009. The registered office of the company is at 165-167 The Broadway, Wimbledon, London, SW19 1NE. The recorded directors of the company are Mr Steven David Lawrence Tagg (from 14 January 2009) and Mr Oliver Wilson (from 14 January 2009 to 5 March 2010). The company has no secretary.

2. ASA Global Investments Limited was incorporated as a private company on 25 March 2009. The registered office of the company is at Suite 109-111 Davina House, 137-149 Goswell Road, London, EC1V 7ET. The sole recorded director of the company is Mr Andrew Leonard William Foy (from 25 March 2009). The company has no secretary.

3. Prinston Estates Limited was incorporated as a private company on 24 October 2008. The registered office of the company is at 1 Ropemaker Street, London, EC2Y 9HT. The sole recorded director of the company is Mr Ravinder Singh Momi (from 24 October 2008). The company secretary is Ms Louise Gibson (from 24 October 2008).

4. Alpha Capital Investments (London) Limited was incorporated as a private company on 26 August 2009. The registered office of the company is at City Point, 1 Ropemaker Street, Moorgate, London, EC2Y 9HT. The recorded directors of the company are Mr Yolynn Chetty (from 26 August 2009 to 8 February 2009) and Miss Manjit Kaur Minhas (from 2 March 2010 to 3 June 2010). The company secretary is Mr Chetty (from 26 August 2009).

5. Greenacre Global Partners Limited was incorporated as a private company on 25 August 2009. The registered office of the company is Flat 3, Bloomsbury Court, Tupwood Lane, Caterham, Surrey, CR3 6DA. The recorded directors of the company are Ms Zoe Francis (from 12 January 2010) and Mr Kane Nathaniel Pushong (from 25 August 2009 to 12 January 2010). The company secretary is Mr Pushong (from 25 August 2009).

6. Vinci Trading Ltd (formerly Vinci Partners Limited) was incorporated as a private company on 9 November 2009. The registered office of the company is at 11 George Street West, Luton, LU1 2BJ. The recorded directors of the company are Mr Hider Eshpari (from 14 April 2010) and Mr Omar Eshpari (from 9 November 2009 to 15 April 2010). The company has no secretary.

7. The petitions to wind up the companies were presented on 19 May 2011 under the provisions of section 124A of the Insolvency Act 1986.

8. The Official Receiver was appointed as provisional liquidator of the companies on 26 May 2011.

9. Company Investigations, part of the Insolvency Service, carries out confidential enquiries on behalf of the Secretary of State for Business, Innovation & Skills (“BIS”).

10. 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. All public enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit Tel No: 020 7637 1110 Email: piu.or@insolvency.gsi.gov.uk

11. Further information about the work of The Insolvency Service is available fromhttp://www.insolvency.gov.uk

12. Media Enquiries should be directed to:

Denise Rawls, Press Office Manager, Telephone 020 7674 6910 or

Ade Daramy, Press Officer on 020 7596 6187

Contacts

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