Brighton film maker Warlord Productions Ltd has been placed into provisional liquidation following an investigation the Insolvency Service.
The investigation found that the company had sought investors for film projects which it had no control over.
It was intended that these private investment funds would receive an equity profit in a film, the shooting of which has yet to commence. Investment returns would be wholly dependent upon the film being commercially successful.
The company traded from premises at 14 Regent Hill, Brighton, BN1 3ED.
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 July 2015.
Notes to editors
Warlord Productions Ltd was incorporated on 29 January 2013, Company Registration number 08379786. The registered office of the company is at 14 Regent Hill, Brighton BN1 3ED.
There is currently no recorded director of the company. .
The petition was presented under s124A of the Insolvency Act 1986. The Official Receiver was appointed as provisional liquidator of the company on 14 May 2015 by Mr A Steinfeld, sitting as a Deputy Judge of the Chancery Division.
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.
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.
Published: 15 June 2015
From: The Insolvency Service