Financial Conduct Authority
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Blue Gate Capital Limited enters liquidation

Blue Gate Capital Limited (Blue Gate) has appointed insolvency practitioners to conduct the liquidation of the firm.

We publicly censured Blue Gate in December 2020 and ordered it to pay £203,007 in restitution to investors who lost money investing in the Connaught Income Fund, Series 1. Details of this action can be found on our website.

Blue Gate had until 8 January 2021 to pay the restitution to us for onward distribution to investors. We subsequently issued a statutory demand for payment.

Blue Gate’s shareholders have taken the decision to place the business into insolvent liquidation via a creditors voluntary liquidation.

Jason Mark Elliott and Craig Johns of Cowgill Holloway Business Recovery LLP were appointed Joint Liquidators on 1 March 2021. We will make a claim in the liquidation, as a creditor, for the restitution amount.

Notes to Editors

  1. Blue Gate’s affairs are now in the hands of the appointed Joint Liquidators. Any creditor of Blue Gate should contact the liquidators via john.fitzgerald@cowgills.co.uk or 0161 672 5763.
  2. Find out more information about the FCA.

 

Channel website: https://www.fca.org.uk/

Original article link: https://www.fca.org.uk/news/press-releases/blue-gate-capital-limited-enters-liquidation

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