eCommodities PLC placed into provisional liquidation

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eCommodities Plc has been placed into provisional liquidation following an investigation by the Insolvency Service.

The Official Receiver has been appointed as the provisional liquidator after a hearing at the High Court in London on 10 December 2020. This followed an application by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy.

eCommodities Plc is related to the Ebullio group of companies and is stated to hold, through affiliates, various interests in mining companies and other assets.

The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petition.

The provisional liquidator also has the power to investigate the affairs of the company where it is necessary to protect assets, including any third party or trust monies and assets in the possession of or under the control of the company.

The case is now subject to court action and no further information will be made available until a petition to wind up the company is heard in the High Court on 9 March 2021.

All public enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit, 16th Floor, 1 Westfield Avenue, Stratford, London, E20 1HZ or by phone to 0300 678 0015 or email piu.or@insolvency.gov.uk.

Notes to editors

eCommodities Plc was incorporated on 14 July 2017, under company number 10866472. The registered office of the Company is 86-90 Paul Street, 4th Floor, London, EC2A 4NE.

The recorded directors of the company are Lars Hedensted Steffensen, Anders Hansen and Alexander Willson.

The petition was presented under s124A of the Insolvency Act 1986. The Official Receiver was appointed as provisional liquidator of the company on 10 December 2020 by Mr David Rees QC (sitting as a Deputy High Court Judge).

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 and Industrial Strategy (BEIS). Information about how to complain about a live company.

Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available.

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