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Provisional liquidator for Tullett Brown Limited and three related companies

05 April 2012 13:30

Insolvency Service

Tullett Brown Limited and three connected companies - Tamar (London) Limited, Johnnystone Limited and Brad Baker Limited - have been ordered into provisional liquidation by the High Court on public interest grounds, following an investigation by Company Investigations, part of The Insolvency Service.

Between them the four companies were involved in the marketing of land, precious metals and carbon credits to the public as investment opportunities. The petitions to wind up the companies were presented by the Secretary of State for Business, Innovation and Skills.

The court appointed the Official Receiver 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 where necessary to protect their assets including any third party, trust funds 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 2012.

Ends

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Notes to Editors

1. Tullett Brown Limited was incorporated on 6 May 2009. The registered office of the company is at 2nd Floor Honours Building, Akeman Street, Tring, Hertfordshire, HP23 6AF. The recorded directors of the company are Bradley Ferry (from 6 May 2009) and Catherine Lyall (from 22 March 2012). The company has no recorded secretary.

2. Tamar (London) Limited was incorporated on 26 November 2009. The registered office of the company is at 2nd Floor Honours Building, Akeman Street, Tring, Hertfordshire, HP23 6AF. The sole recorded director of the company is Barinua Carr Nwikpo (from 26 November 2009). The company has no recorded secretary.

3. Johnnystone Limited was incorporated on 30 April 2010. The registered office of the company is at 2nd Floor Honours Building, Akeman Street, Tring, Hertfordshire, HP23 6AF. The sole recorded director of the company is John Ekpobari Nwikpo (from 30 April 2010). The company has no recorded secretary.

4. Brad Baker Limited was incorporated on 1 September 2010. The registered office of the company is at 22 Parkdale Road, Plumstead, London, SE18 1RS. The recorded directors of the company are Bradley Ferry (from 1 September 2010) and Ania Gembarska (from 1 September 2010). The company has no recorded secretary.

5. The petitions to wind up the companies were presented in the High Court on 28 March 2012 under the provisions of section 124A of the Insolvency Act 1986.

6. The Official Receiver was appointed as provisional liquidator of the companies on 30 March 2012.

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

8. 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. Further information about the work of The Insolvency Service is available from http://www.bis.gov.uk/insolvency

9. All public enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit , 21 Bloomsbury Street, London, WC1B 3QW. Telephone: 0207 637 1110 Email: piu.or@insolvency.gsi.gov.uk

10. Media Enquiries should be directed to:

Kathryn Montague, Media Relations Manager, Telephone 020 7674 6910 or Ade Daramy, Press Officer on 020 7596 6187

Contact Information

Ade Daramy
Name
Ade Daramy
Job Title
Mr
Division
Insolvency Service
Phone
020 7596 6187
Fax
Mobile
Email
ade.daramy@insolvency.gsi.gov.uk