High Court winds up Argos Sports

THE High Court has wound-up Argos Sports after it was accused of misleading customers and failing to supply goods by the Insolvency Service.

Argos Sports sold sports equipment through a website but was the subject of a series of complaints to the Office of Fair Trading and when the company was investigated no records could be found as to how £1.8m of income was spent.

Winding up the company, the High Court found “a lack of transparency” in the control of the company with past and present directors not traced or able to “explain with any clarity the sequence of governance of the company.

Argos Sports, which had no connection to the popular high street retailer, was registered at an address in Bradford and succeeded Argos Sports Ltd which itselt went into liquidation in July 2008 with liabilities of £1.18m.

Colin Cronin, investigation supervisor at the Insolvency Service, said: “Companies that deliberately set out to mislead customers and fail to produce the goods and services they claim to offer undermine the confidence the public has in business. 

“The Insolvency Service regards this as serious misconduct and the action taken in this matter sends a clear and simple message to company directors – if you run a business that seeks to cheat customers and trading partners you will be closed down.”

The company was officiallly wound up on July 29.