Britannia Land Management Ltd, the sellers of plots of land, has been issued with a winding up petition. The petition presented at the High Court by the Secretary of State for Business, Innovation & Skills was made on the grounds of public interest. The court date is set for the 18th October 2010. A provisional liquidator has been appointed to ensure that the company's assets are protected.
We do not have any further details at this stage but will keep you posted. The petition to wind up the company follows an investigation carried out by Companies Investigations branch of the Insolvency Service. Selling plots of lands from a telesales operation in Spain was always going to attract the interest of the authorities. No doubt some people have not had a satisfactory return on their investment!
Receiver, Public Interest Unit, 2nd Floor, 3 Piccadilly Place, London Road, Manchester, M1 3BN, or alternatively people may ring 0161 234 8531.