Press release

Gold mining investment company in provisional liquidation following Insolvency Service investigation

IPR Capital Ltd, a company who sold partnerships in a gold mining company in Ecuador as investments, has been placed into provisional liquidation following an investigation by Company Investigations of the Insolvency Service.

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IPR Capital Ltd sold partnerships in a limited partnership that it wholly controlled, IPR Capital Mining 06 LP, to members of the public via a network of sales agents. The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petition. The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect assets including any third party or trust monies or assets in the possession of or under the control of the company.

The case is now subject to High Court action and no further information will be made available until a petition to wind up the company is heard in the High Court on 1 April 2015.

Notes to editors

IPR Capital Ltd was incorporated on 8 February 2013, registration number 08394553. The registered office of the company is at 68 Lombard Street, London, EC3V 9LJ.

IPR Capital Mining 06 LP was registered on 8 May 2013 (Registration Number LP015519).

The recorded directors of the company are Stephen John Mayne, Robert Alexander Hall and Ronald Skelton.

The petition was presented under s124A of the Insolvency Act 1986. The Official Receiver was appointed as provisional liquidator of the company on 2 February 2015 by Mr Justice Nugee.

Company Investigations, part of the Insolvency Service, uses powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK on behalf of the Secretary of State for Business, Innovation & Skills (BIS).

Company Investigations, part of the Insolvency Service, uses powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK on behalf of the Secretary of State for Business, Innovation & Skills (BIS).

Further information about live company investigations is available here.

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. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency 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, and how to complain about financial misconduct, is available.

All public enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit, 4 Abbey Orchard Street, London, SW1P 2HT. Telephone: 0207 637 1110 Email: piu.or@insolvency.gsi.gov.uk.

Published 13 February 2015