Press release

High Court orders coloured diamond investment company into provisional liquidation

Heritage FA Limited based in the City of London selling coloured diamonds to the public for investment has been ordered into provisional liquidation following a petition presented by the Secretary of State for Business, Innovation & Skills to wind up the company on grounds of public interest.

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The petition was issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service, under section 447 of the Companies Act 1985, as amended.

The court has appointed the Official Receiver provisional liquidator of the company, on the application of the Secretary of State, without notice to the company. The role of the Official Receiver is to protect the assets and financial records of the company pending 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 its assets including any third party or trust monies or assets in the possession of or under the control of the company.

Chris Mayhew, Company Investigations Supervisor, said:

As the matter is before the Court no further information will be made available about the case until the petition is determined by the Court. The petition is listed for first hearing on 9 March 2016.

Notes to Editors:

Heritage FA Limited (company registration number 08499859) was incorporated on 23 April 2013. The registered office was initially Suite B, 29 Harley Street, London, W1G 9QR (the address of company formation agents) until 16 April 2014 when it was changed to 33 FL 25 Canada Square, London, E18 5LB and, shortly afterwards, further changed to 25 Canada Square, London, E14 5LB from 24 April 2014 to present date. The sole recorded officer of the company (apart from the company formation agents) has been John Henry Crowder who is shown to be the director from 10 March 2014 to present date. The share capital of the company is shown to be £100 divided into 100 ordinary shares of £1 each and all held by Mr Crowder.

The company operated the following websites:

  • www.heritagefineassets.co.uk
  • www.heritagefineassets.com
  • www.www.heritage-fine-assets.com
  • www.heritage-fa.com

The petition to wind up the company was presented in the High Court on 4 December 2015 under the provisions of section 124A of the Insolvency Act 1986.

On the application of the Secretary of State, without notice to the company, Mr Justice Newey appointed the Official Receiver as provisional liquidator of the company on 14 January 2015.

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).

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.

By virtue of the appointment of the provisional liquidator all public enquiries concerning the affairs of the companies 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.

Contact Press Office

Media enquiries for this press release – 020 7674 6910 or 020 7596 6187

Press Office

The Insolvency Service

4 Abbey Orchard Street
London
SW1P 2HT

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Published 15 January 2016