Vinance PLC

Appointed administrators of Vinance Plc, a well-known wine portfolio manager. Based in Greenwich, Vinance Plc managed fine wine assets for thousands of investor clients. We are aiming to rescue the company as a going concern, or failing that to achieve a better result for the company's creditors as a whole than would be likely if the company was simply wound up. We understand that many clients will be unaffected as all of their wine has been allocated to them and is either held in bonded warehouses or the clients already have control of it themselves. There will unfortunately be some investors who have not been allocated all of their wines and there are no wines awaiting allocation, nor are we able to buy any more wine. The company records are not perfect and it will take some time for us to establish the exact position. In the meantime, we are looking for a buyer for the business and interested parties should contact us as soon as possible. Any queries regarding the administration should be sent via email to vinance@herronfisher.co.uk Please do NOT telephone our offices as this will result in long delays in answering creditors' queries.

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