Debts at bankrupt UK wine merchant En Primeur Ltd are higher than originally thought and there are concerns over apparent gaps in the firm’s stocks.
wines ordered. The companionship was forced to find replacements at the height of the Bordeaux boom. Suitcases that had been sold to customers for £1,600 each had valued to £15,000. Between 30 September 2012 and 16 July 2014, En Primeur Ltd recorded trading losses of £1.35m. Marco Correia, the companionship’s sole director and major shareholder, estimated En Primeur Ltd’s wine assets at £223,495. But, Edward Symmons, property and asset consultancy, valued the stock £150,609. Some of the companionship’s wine stocks are in France and will not be released until a £51,000 bill has been settled.The firm's overall deficit may yet rise further.Decanter.com understands there are discrepancies between what customers thought should be in their En Primeur Ltd reserve account at London City Bond and what is physically there now. The reserve
We were also found by phrases: