Press release: Court winds-up two tech and gadget suppliers

first_imgYou can also follow the Insolvency Service on: Twitter Office currently closed during the coronavirus pandemic. Clever Technology initially prepared to defend the winding-up petition, but withdrew its evidence the week before trial. The Winding-Up Order was handed down on the first day of the hearing, 7 May 2019.Members of the public who have been affected by the actions of Advance Tech and Clever Technology can contact The Official Receiver at Public Interest Unit, 2 Floor, 3 Piccadilly Place, London Road, Manchester, M1 3BN or by telephone on 0161 234 8531 or email at [email protected] with details of their orders.Notes to editorsAdvance Tech (UK) Ltd – Company registration number 07227703. Previously known as Advance Games Esports Organisation Ltd, it commenced trading in April 2014.Clever Technology Ltd – Company registration number 07455009. It commenced trading in November 2010.The petitions were presented under s124A of the Insolvency Act 1986 on 6 September 2018.Advance Tech was wound up on 26 October 2018 by District Judge Bever and Clever Technology was wound up on 7 May 2019 by His Honour Judge Hodge QC after it decided not to defend the petition.Company Investigations, part of the Insolvency Service, uses powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK on behalf of the Secretary of State for Business, Energy & Industrial Strategy (BEIS). Further information about live company investigations is available here.The Insolvency Service, an executive agency sponsored by BEIS, administers the insolvency regime, and aims to deliver and promote a range of investigation and enforcement activities, both civil and criminal in nature, to support fair and open markets. We do this by effectively enforcing the statutory company and insolvency regimes, maintaining public confidence in those regimes and reducing the harm caused to victims of fraudulent activity and to the business community, including dealing with the disqualification of directors in corporate failures.Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available here.Contact Press Office Media Manager 0303 003 1743 This service is for journalists only. For any other queries, please contact the Insolvency Enquiry Line.For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000. Advance Tech (UK) Limited of Rochdale and Chorley, and Clever Technology Limited, of Bridgtown, Cannock, have been wound-up in the High Court in Manchester on 26 October 2018 and 7 May 2019 respectively. The Official Receiver has been appointed as liquidator.In considering the petitions, the Court heard that Advance Tech traded in computer parts and gadgets using the trading name ‘Advance Technologies’ before trading with Clever Technology in 2016.In November 2016 a website called savvibuy.co.uk was created to sell in-demand tech such as games consoles and virtual reality headsets for Christmas.The website received a large number of orders and, while most went unfulfilled, Advance Tech – previously known as Advance Games Esports Organisation – took payment via a merchant services facility for 30,000 of them.Advance Tech then transferred more than £3.4 million to Clever Technology for the goods, who in turn paid the funds to a third company based in Dubai. No goods were ever received in exchange and later investigations determined that, in Dubai, the funds had been withdrawn in cash.Customers, alarmed when their Christmas presents had not been delivered as promised, contacted Advance Tech and were told that goods would be with them in time for the festivities.When they didn’t turn up, customers were then told by Advance Tech in January 2017 to request a chargeback through their bank.This resulted in the merchant services facility suffering a loss of £2.9 million. A further estimated £1 million is still owed to customers who paid via debit card.Scott Crighton, Chief Investigator for the Insolvency Service, said: Press Office These companies ruined the merriest time of year for so many families, whose children and loved ones were left empty-handed on Christmas morning. Thankfully their actions have caught up with them and, through petitioning the Court to shut the companies down, we have prevented them from causing further misery to unsuspecting customers. Email [email protected] LinkedIn [YouTube](https://www.youtube.com/channel/UCcLiLoFYKt6sLLafxk1AplQlast_img read more

60th win: Pacquiao KOs Matthysse for WBA welterweight title

first_imgDon’t miss out on the latest news and information. After flooring Matthysse in the third and fifth round, Pacquiao landed the decisive left uppercut that put away the Argentinian for good, prompting referee Kenny Bayless to stop the fight 2:43 into the seventh.READ: Pacquiao plans ‘to finish the fight early’ vs MatthysseFEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’This is Pacquiao’s first knockout win in nine years after he stopped Miguel Cotto for the WBO World welterweight title in 2009.“We did a good job in training. We were not pushing hard. We controlled ourselves,” said Pacquiao in the ring interview after the fight. Pacquiao scored his first knock down midway through the third round landing with a couple of shots to the face of Matthysse.READ: Pacquiao still ‘hungry’ to fight The Filipino legend got his second knock down in the fifth when Matthysse, after absorbing a right cross to the head, knelt with just five seconds to go in the round.The WBA belt is Pacquiao’s new welterweight title after he held the WBO strap twice.Pacquiao joined IBF champion Errol Spence and WBO champion Terrence Crawford atop the welterweight division.ADVERTISEMENT RELATED VIDEO Palace OKs total deployment ban on Kuwait OFWs ROUND 6: Matthysse called for low blow, Pacquiao still ahead Trump assembles a made-for-TV impeachment defense team LATEST STORIES Putin’s, Xi’s ruler-for-life moves pose challenges to West Report: Disney dropping the ‘Fox’ from movie studio names Philippines’ Manny Pacquiao (L) reacts after he knocked down Argentina’s Lucas Matthysse during their world welterweight boxing championship bout at Axiata Arena in Kuala Lumpur on July 15, 2018. / AFP PHOTO / Mohd RASFANManny Pacquiao is back at the top of the welterweight division after knocking out Lucas Matthysse in the seventh round of their championship fight for the WBA World welterweight title Sunday at Axiata Arena.ADVERTISEMENTcenter_img Volcano watch: Island fissures steaming, lake water receding Lacson: Calamity fund cut; where did P4 billion go? Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award MOST READ View comments Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Sports Related Videospowered by AdSparcRead Next ‘High crimes and misdemeanors’: Trump impeachment trial begins In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’last_img read more