Carbon credit companies Carbon Green Capital LLP and Agora Capital Ltd have been ordered into provisional liquidation following petitions presented by the Secretary of State for Business, Innovation & Skills to wind up the companies in the public interest.
The petitions were issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service, under section 447 of the Companies Act 1985, as amended.
The Official Receiver has been appointed by the Court as provisional liquidator of both companies on the application of the Secretary of State. The role of the Official Receiver is to protect the assets and financial records of the companies pending determination of the petitions.
The provisional liquidator also has the power to investigate the affairs of the companies insofar as it is necessary to protect their assets including any third party or trust monies or assets in the possession of or under the control of the companies.
Company Investigations Supervisor Chris Mayhew said:
“As the matter is before the Court no further information will be made available about the case until the petitions are determined. The petitions are listed for hearing on 22 October 2014”.
“If you have invested with either company or are approached by firms purporting to have been appointed to deal with your investment, such as Fredric & Formby or Fredericks, The Official Receiver who has today been appointed by the Court as provisional liquidator of Carbon Green Capital LLP and Agora Capital Ltd, will be pleased to receive the details”