|Current Status:||The Company was incorporated on 12 March 2010.|
The initial shareholders of the Company were Fermoya Limited (a company registered in the British Virgin Islands) and B.M.I.E Limited. These shares were transferred to Aliya Alpiyeva on 12 March 2010. On 23 January 2012 Ms Alpiyeva transferred her shareholding to Sapphire Management Holdings Limited and Maple Management Limited, both of which are companies registered in the Seychelles. On 30 May 2013 Sapphire Management Holdings Limited and Maple Management Limited transferred the shares to Bluemay Enterprises N.V, a company registered in the Dutch Antilles.
The sole recorded director of Bluemay Enterprises Limited (“Bluemay”) since incorporation has been Scott Terence Baldwin.
On 12 December 2012 officers of the Department of Business, Innovation and Skills were authorised under Sections 447(3) and 453A of the Companies Act 1985 to require Bluemay
On 01 July 2011 Bluemay entered into an agreement with a principal, Bluemay Enterprises N.V whereby the former would hold a website, www.7red.com, on trust for the latter and any income derived from this website is the property of principal. The principal is under the control of the ultimate beneficial owner (“UBO”).
From information and documents obtained under Part XIV Companies Act 1985 it appeared to the Secretary of State for Business, Innovation and Skills, the Petitioner, that it was expedient in the public interest that Bluemay be wound up pursuant to section 124A of the Insolvency Act 1986. The grounds upon which the Secretary of State sought the winding up of Bluemay were: -
The corporate structure resulted in the de jure director failing, or failing adequately, to perform his duties: -
Mr Baldwin does not have an active role in the management of the Company and is therefore in breach of section 173 and/or 174 of the Companies Act 1985.
Mr Baldwin is in breach of Common Law Duties in that he has failed, or failed adequately, to: -
Act honestly and/or in good faith in the best interests of the Company.
Take proper care of Bluemay’s assets.
Prepare, approve and/or file accounts that give a true and fair view of the Company’s affairs.
Failure to co-operate with the Investigators: -
Mr Baldwin has not provided any meaningful information to the Investigators.
The Investigators met briefly with the UBO, Ido Raviv, at his residential address in the UK on 26 February 2013. They agreed to meet again the following day but no-one was at home. On 28 February 2013 the Investigators contacted Mr Raviv by e-mail and Mr Raviv stated that he had gone to Israel for family reasons. Thereafter, on 26 March 2013, a third party forwarded an e-mail to the Investigators from Mr Raviv dated 25 March 2013 wherein Mr Raviv stated that he was now residing in Kazakhstan and was a non resident of the UK and no longer had any business in the UK.
Failure to maintain, preserve and/or deliver up accounting records: The Company’s abbreviated accounts for the years-ended 30 June 2011 and 30 June 2012 show profits of £478 and £833 respectively. However, a Company account at Wirecard Bank AG had total credits of €36,259,489 between 01 January 2011 and 18 March 2013. Owing to the failure to maintain, preserve and/or deliver up accounting records it has not been possible to reconcile the apparent minimal activity declared in the published accounts with the volume of transactions passing through the Company’s Euro account.
The petition to wind up the Company was heard by the Court on 14 March 2014 and the Company was duly wound up by the Court. The Official Receiver is now liquidator of the Company.
Note that ten associated companies were also wound up in the public interest by the Court on the same day, these being: -
Broxon Trading Limited.
Lyncrest Systems Limited.
Rollmote Enterprises Limited.
Sharmont Entertainment Limited.
Superb Solutions Limited.
Vermillion Capital Limited.
Smart Grade Consulting Limited.
Hegira Services Limited.