BVI company put on liquidation continues products sale
Cool-er device of the British Virgin Islands-registered company Interead, which has received a winding up order a month ago by the high court in Liverpool, UK, is still sold by companies Argos and Tesco. The businessman behind the company Neil Jones is running Coolerbooks.com, which sells e-books from the Cool-er and other electronic readers, but is owned by a separate company, registered in the British Virgin Islands and called Interead.com. This firm was put into liquidation on June 8, however, the companies Argos and Tesco are continuing to sell the device, and the customers are not informed about the problems in the firm.
According to Argos, they took a commercial decision to phase out this product range, because they no longer have active working relationship with this supplier and were unaware of the suggested recent developments in this business.
The Guardian claims that the founder of the BVI company Neil Jones has “told friends he is the firm’s biggest creditor, claiming to have put about $1m (£660,000) into the business”.
Also, Interead has not filed any accounts and is being wound up following an outstanding claim from public relations advisers.