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UK Financial Conduct Authority: Blue Gate Capital Limited Enters Liquidation


UK Financial Conduct Authority: Blue Gate Capital Limited Enters Liquidation
Date
02/03/2021
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. ....

Craig Johns , Jason Mark Elliott , Connaught Income Fund , Cowgill Holloway Business Recovery , Blue Gate , Mark Elliott , Joint Liquidators , கிரேக் ஜான்ஸ் , ஜேசன் குறி எலியட் , இணைத்தல் வருமானம் நிதி , க G கில் ஹோலோவே வணிக மீட்பு , நீலம் வாயில் , குறி எலியட் , கூட்டு லிக்விடேட்டர்கள் ,

Connaught fund operator enters liquidation


Several months after the FCA ordered the firm to pay £203,007 in restitution to investors
Blue Gate Capital has appointed Jason Mark Elliott and Craig Johns of Cowgill Holloway Business Recovery on 1 March 2021 to liquidate the company.
The firm was one of the operators of the Connaught Income Fund Series 1, which collapsed in 2012 causing investors to lose around £118m ($164m, €136m).
The Connaught fund was an unregulated collective investment scheme run by Capita Financial Managers and, from 2009, Blue Gate Capital, providing short term bridging finance to commercial operators in the UK property market.
Fine
After an investigation into the scandal, the FCA said that the firm “failed to communicate with the fund’s investors in a way that was clear, fair and not misleading”. ....

United Kingdom , Craig Johns , Jason Mark Elliott , Connaught Income Fund , Connaught Income Fund Series , Financial Conduct Authority , Blue Gate Capital , Cowgill Holloway Business Recovery , Capita Financial Managers , Blue Gate , Connaught Income , ஒன்றுபட்டது கிஂக்டம் , கிரேக் ஜான்ஸ் , ஜேசன் குறி எலியட் , இணைத்தல் வருமானம் நிதி , இணைத்தல் வருமானம் நிதி தொடர் , நிதி நடத்தை அதிகாரம் , நீலம் வாயில் மூலதனம் , க G கில் ஹோலோவே வணிக மீட்பு , தலா நிதி மேலாளர்கள் , நீலம் வாயில் , இணைத்தல் வருமானம் ,