A UK court has appointed a provisional liquidator for London-based wine investment firm Bordeaux Fine Wines (BFW) after an investigation by the Insolvency Service.

The provisional liquidator will protect assets in the possession or under the control of the company pending the settlement of the petition, according o Fundweb.

The court has appointed the liquidator on 19 December 2013 in response to the public interest.

The provisional liquidation order followed a petition on behalf of business, innovation and skills secretary Vincent Cable.

However, no further information regarding the case is expected to be made available until the hearing of the petition, which is scheduled to go before the High Court on 26 February 2014.

BFW has cold-called potential investors, attracting criticism from some commentators.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Insolvency Service said: "The Official Receiver has been appointed provisional liquidator of BFW. The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect the assets including any third party or trust money or assets in the possession or under the control of the company."