Financial Services Regulatory Commission
Appoints Receiver-Manager to BoS (Antigua) Limited
October 18, 2007
St. John's, Antigua
The Financial Services Regulatory Commission announced on Thursday, that Nigel Hamilton-Smith and Peter Wastell were appointed to act as Receiver-Managers of BoS (Antigua) Limited, the Antigua-based operating company of the BETonSPORTS group of companies under the International Business Corporations Act in Antigua and Barbuda with effect from 20 September 2007.
Mr. Nigel Hamilton and Peter Wastell are two partners of Vantis Business Recovery Services, a Vantis Plc group company. The joint Receivers were also appointed to act as Liquidators of BETonSPORTS PLC, the parent company in the United Kingdom, on 16 May 2007, and Liquidators of three other subsidiary companies in the group on 15 August 2007.
BoS (Antigua) Limited ceased trading as a result of an Indictment and Permanent Injunction issued by the Department of Justice in the United States of America against the company and certain other companies in the group in July 2006. However, BoS (Antigua) Limited, since November 2006, the company has been under the complete control of the FSRC, pursuant to an order of the Antiguan High Court which remains in effect.
About Vantis
Vantis is the AIM listed UK top 13 accounting, business and tax advisory group that specialises in helping growing businesses.
The Vantis group offers a range of specialist skills, including Accountancy, Taxation, Business Advice, Corporate Finance, Asset Finance, Forensic Accounting & Dispute Resolution, Business Recovery & Personal Insolvency Services, Restructuring & Turnaround Services, Outsourcing, Management Consultancy, Company Secretarial, Customs Duty Recovery & Advisory Services, Independent Financial Advice, High Net Worth Services and Sports Advisory Services & Solutions. The Vantis group now has over 1,000 staff operating from 17 locations throughout the UK. For more information about Vantis, visit: www.vantisplc.com
