Blue Gate Capital Limited (Blue Gate) has appointed insolvency practitioners to conduct the liquidation of the firm.
We publicly censured Blue Gate in December 2020 and ordered it to pay £203,007 in restitution to investors who lost money investing in the Connaught Income Fund, Series 1. Details of this action can be found on our website.
Blue Gate had until 8 January 2021 to pay the restitution to us for onward distribution to investors. We subsequently issued a statutory demand for payment.
Blue Gate’s shareholders have taken the decision to place the business into insolvent liquidation via a creditors voluntary liquidation.
Jason Mark Elliott and Craig Johns of Cowgill Holloway Business Recovery LLP were appointed Joint Liquidators on 1 March 2021. We will make a claim in the liquidation, as a creditor, for the restitution amount.