The Secretary of
State for Business, Innovation & Skills has presented a
petition in the High Court to wind up in the public interest
Century Property Group Ltd, formerly Century Land Group Limited.
The company operates a land banking business selling small plots
of land for investment through its website www.century-group.co.uk
The company’s business address is 7 th Floor, Tower 42, 25 Old
Broad Street, London, EC2N 1HU.
The petition to wind up the company was presented following
confidential enquiries carried out by Company Investigations, part
of the Insolvency Service, under section 447 of the Companies Act
1985, as amended.
On the application of the Secretary of State the Official
Receiver has been appointed by the Court as provisional liquidator
of the company. The role of the Official Receiver is to protect
the assets and financial records of the company pending
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 the assets including any third party or
trust monies or assets in the possession of or under the control
of the company.
As the matter is before the Court no further information will be
made available until the petition is determined. The petition is
listed for hearing on 19 October 2011.
Ends
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Notes to Editors
1. Century Property Group Ltd was incorporated as a private
company on 17 October 2008. It changed its name from Century Land
Group Limited on 6 April 2011. The registered office of the
company is c/o Alexanders, Redhill Chambers, High Street, Redhill,
Surrey, RH1 1RJ.
2. The directors of the company have been Mr Jan Maarten Bogaerts
(from incorporation to 16 April 2009) and Mr Stephen John Wheeler
(from 16 April 2009 to date) who is also the company secretary.
3. The petition to wind up the company was presented on 9 August
2011 under the provisions of section 124A of the Insolvency Act
1986. The Official Receiver was appointed as provisional
liquidator of the company on 18 August 2011.
4. Company Investigations, part of the Insolvency Service,
carries out confidential enquiries on behalf of the Secretary of
State for Business, Innovation & Skills (“BIS”).
5. The Insolvency Service administers the insolvency regime
investigating all compulsory liquidations and individual
insolvencies (bankruptcies) through the Official Receiver to
establish why they became insolvent. The Service also authorises
and regulates the insolvency profession; deals with
disqualification of directors in corporate failures; assesses and
pays statutory entitlement to redundancy payments when an employer
cannot or will not pay employees; provides banking and investment
services for bankruptcy and liquidation estate funds; and advises
ministers and other government departments on insolvency law and
practice. Further information about the work of The Insolvency
Service is available from http://www.bis.gov.uk/insolvency
6. All public enquiries concerning the affairs of the company
should be made to: The Official Receiver, Public Interest Unit, 21
Bloomsbury Street, London, WC1B 3QW Tel No: 020 7637 1110 email:
piu.or@insolvency.gsi.gov.uk
7. Media Enquiries should be directed to:
Ade Daramy, Press Officer on 020 7596 6187
Contacts:
Ade Daramy
Phone: 020 7596 6187
ade.daramy@insolvency.gsi.gov.uk