Greenleaf Global
Plc (Global) in Twickenham, London has been ordered into
provisional liquidation on public interest grounds in the High
Court following an investigation by Company Investigations, part
of the Insolvency Service.
Greenleaf, based in South West London acted as an agent for a
scheme marketed to the public to lease plots of land in Togo, West
Africa for the cultivation of Jatropha trees, from which oil can
be extracted and used as bio-diesel.
The petition to wind up Greenleaf was presented by The Secretary
of State for Business, Innovation and Skills
The Official Receiver has been appointed Provisional Liquidator
of Greenleaf. 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 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 now subject to High Court action, no further
information will be made available until the hearing to wind-up
Greenleaf which is due to be heard in the High Court on 4 April
2012.
Notes to Editors
1. The registered office of Greenleaf Global PLC is Building 3,
Crane Mews, Gould Road, Twickenham, TW2 6RS. It was incorporated
on 4 March 2010.
2. The petition was presented under s124A of the Insolvency Act
1986. The Official Receiver was appointed as Provisional
Liquidator of the company on 23 March 2012.
3. Company Investigations, part of the Insolvency Service,
carries out confidential enquiries on behalf of the Secretary of
State for Business, Innovation and Skills (BIS).
4. 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 www.bis.gov.uk/insolvency.
5. All public enquiries concerning the affairs of the company
should be made to: Stuart Tatham, Public Interest Unit, 21
Bloomsbury Street, London WC1B 3SS, PIU.OR@insolvency.gsi.gov.uk
6. Media Enquiries should be directed to:
Kathryn Montague, Media Relations Manager, or Ade Daramy, Press
Officer on 020 7596 6187
Contacts:
Ade Daramy
Phone: 020 7596 6187
ade.daramy@insolvency.gsi.gov.uk