Prestige Fine Wine Limited has been placed into provisional liquidation following an investigation by Company Investigations of the Insolvency Service.

The company holds itself out as a fine wine investment business, specialising in Bordeaux fine wines.

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 16 December 2015.