Confidential Advice Line: 0800 063 9221

Statement by liquidators - Centaur Global Limited (In CVL)

Liquidation

| August 15th 2012

More News by Jamie Taylor

Joint liquidators Jamie Taylor and Kirstie Provan of Begbies Traynor have concluded a settlement in respect of a seven figure claim brought against the directors of Centaur Global Limited (Centaur).

Centaur provided members of the public and institutions with the opportunity to invest in gaming related funds and in gambling. Centaur was placed into liquidation in January 2012 owing creditors more than £2,000,000 including a significant shortfall of client account monies.

Whilst the precise details of the settlement remain confidential under the terms of the agreement, the liquidators with the assistance of a legal team led by Dan Sejas at SGH Martineau LLP, have been able to achieve significant recoveries for the benefit of creditors.

Jamie Taylor, joint liquidator of Centaur Global Limited commented:

“Following the liquidation, most of the creditors did not expect to recover any monies owing to them. I am delighted that by using our expertise we have been able to recover a significant proportion of the overall loss within an unusually short time frame.

“The operation of the company was the subject of a full investigation by the Contentious Insolvency Division at Begbies Traynor, and by progressing proactive aggressive litigation against the directors, we have within a very short period of time maximized the potential recovery of funds on behalf of the creditors.”

It is anticipated that all assets will be realised over the next 12 months.


About the author

Jamie Taylor

Partner

Meet our Team of Experts

Jamie is a fellow of the Society of Practitioners of Insolvency, a member of the Institute of Directors, a fellow of the Insolvency Practitioners Association and a member of the Institute of Credit Management. He established Taylor Gotham & Fry in 1991, now the Southend office of Begbies Traynor. Jamie is experienced in all insolvency matters.

46 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Businesses Remain Resilient in the face of Brexit
Financial distress falls 6% following referendum
ONS data: 'Brexit has had no major effect on the UK economy thus far'
Read More →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...