Brookbourne Trading Limited

[Legal Beagles]

Brookbourne Trading Limited has been compulsorily wound-up by the High Court on the application of the Financial Conduct Authority (FCA) on the grounds that it was conducting regulated activity without the necessary authorisation from the FCA.

http://www.fca.org.uk/news/brookbourne-trading-limited

[Amethyst]

Re: Brookbourne Trading Limited

In April of this year the High Court had granted the FCA an injunction preventing Brookbourne from continuing its business and freezing its assets after the FCA’s investigation showed that the firm had been taking illegal deposits from consumers and was operating a scam property fund.
Following the winding-up order the Official Receiver becomes liquidator of the company and will be initially responsible for safeguarding the assets of the company and dealing with the claims of creditors. Information about the assets and liabilities of the company will be communicated to creditors by the Official Receiver in due course, but the FCA’s experience with this type of scheme is that there are rarely sufficient assets to cover the losses suffered by consumers. Accordingly, consumers are unlikely to receive anything but a very small proportion of what they invested.
Unfortunately, the aforementioned consumers will not have access to the Financial Services Compensation Scheme for any losses as Brookbourne is not an FCA-authorised firm.
Brookbourne Trading Limited
Address: 288 Bishopsgate, London, EC2M 4QP
Tel: 020 7698 2700
Email: info@brookbourne.com
Website: www.brookbourne.com
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