Disgraced Bordeaux UK chief banned as director for nine years

Ian Vanderhook of Bordeaux UK has been banned as a director for nine years after his company collapsed with debts of more than £10m.

Bordeaux UK was declared bankrupt in November 2011. Vanderhook took £23m from investors between 2008 and 2011, but at the time of liquidation, only £1.7m worth of wine was in evidence.

Bromley-based former lift engineer Vanderhook was guilty of “mismanagement on a colossal scale”, said liquidator Nedim Ailyan of Abbott Fielding. Despite bringing in specialist agents to help unravel the financial mess left by Vanderhook, liquidators were unable to account for much of the wine or money.

Describing Vanderhook’s accounts as “completely inadequate”, Ailyan said: “There were no financial records available to us that would have helped us formulate a statement of affairs or to reconcile individuals’ accounts.”

Due to the poor financial records, Ailyan and his team were unable to ascertain the level of creditors.

The lack of accounts also meant that the Insolvency Service was unable to calculate taxes due to HMRC.

Vanderhook’s accounting failures were not restricted to Bordeaux UK: the Insolvency Service found that he had failed to keep adequate financial records for two other companies, Van Der Hook Management and Van Der Hook Consultancy.

Bordeaux UK was associated with wine investment companies Vin Bordelais and NS & IV – following its voluntary liquidation there were suggestions that it had begun operating as Vin Bordelais, with Bordeaux UK investors reporting receiving calls from that company’s staff, now claiming to work for Vin Bordelais.

Liquidators expect Bordeaux UK investors to receive just 15 to 20 pence for every £1 they invested.

Vanderhook – or Van Der Hook, as he is also known – will be eligible to operate once more as a director on 18 October 2022. Attempts to contact him have been unsuccessful.

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions "Participating in Online Communities". These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the "report this post" button or email harpers.editorial@wrbm.com.

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • Bordeaux UK
  • Bottles of fine wine
Sign in

Newsletter Sign-up

I wish to receive the following newsletters:

Subscriber only alerts:

Twitter Facebook YouTube Linkedin