According to Grant Thornten, an agency for auditing accompanying and examining the liquidation, it was the management’s fault, which is blamed for the perishing of the values. The company’s management, however, is presenting itself opaque. Director Samuel Philips, who was appointed as late as in November 2011, after Stephen Carpenter had resigned, was the only responsible operating manager, after Richard Evens, his colleague, resigned from his post as early as in February 2011.
At the creditors’ meeting on April 5, Samuel Philips was the only responsible left from the management of the company, founded in June, 2010. The creditors were tried to be persuaded Mr. Philips to be only the nominal director and to be no founding member with bank mandate.
Meanwhile, the creditors’ claims against the Beaumot Vintners agency amount for about 10 million GBP (about 12.2 million euro). However, the company’s asset consists of shares valued at a maximum of 400,000 GBP (487,000 euro), as well as of orders of 2009 En Primeur wine valued at 2 million GBP (about 2,43 million euro). The creditors, many of whom are retirees, will probably suffer a heavy loss.
A contribution out of the blogger scene from October 12, 2011 - illustrates the situation of the Beaumont Vintners agency – quote: “Keep your fingers away from this company. My father bought wines at 12,000 GBP, transferred the money, and since, he hasn’t heard anything more – the wines have not been delivered. The Beaumont Vintners agency changes its business addresses. The address in Baker Street, mentioned on the invoice, is only a virtual address. They only call back if you want to order still more wine…” (red.yoopress)