UK: Global wine investment broker Vinance Plc has gone into Administration

Nov 21, 2012

(CreditMan) - Herron Fisher, insolvency practitioners, have been appointed administrators of Vinance Plc, a well-known wine portfolio manager / broker. Based in Greenwich, London, Vinance Plc manages more than GBP £50 million worth of fine wine assets for thousands of investor clients in nine countries. Herron Fisher have now taken over the day-to-day control and management of the company, which was put into administration in the High Court on Friday 16 November 2012. Herron Fisher will aim to rescue the company as a going concern, or failing that achieve a better result for the company’s creditors as a whole than would be likely if the company was simply wound up (liquidated).

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