The Secretary of State for Trade and Industry has presented petitions in the High Court to wind up Townfield Land Investments Limited ("Townfield") and Libertas Land Limited ("Libertas") in the public interest. Townfield carried on business as a land banking company selling plots of farmland, whilst Libertas provided marketing, sales and administration services for land being sold by land banking companies.

The petitions to wind up the companies were presented following an investigation carried out by Companies Investigation Branch under section 447 of the Companies Act 1985 (as amended).

(Via Government News Network. To read the full story, click here)


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