Government closes down Coventry finance firm Glovista Red

A Coventry company which allegedly cold-called people and conned them into thinking it could recover credit card charges has been shut down by the Government.

Glovista Red, registered to an address in Station Square, was wound up before a court in Manchester because it was trading “contrary to the public interest,” according to the Department for Business, Innovation & Skills’ companies investigation branch.

The company contacted people at home saying it could claw back credit card charges as a result of a change in the law.

But complaints started to roll in from people who had paid up to £1,000 but had not received anything for their money.

Glovista Red was operated by director Roger David James and was set up in 2008.

The firm was linked to two other companies which came to the attention of the Companies Investigation Branch last year – Earlstream Consultants and Day Cooper Adams – both registered in the UK but with their operations based in Spain.

Both of these companies have now been wound up by the government as well.

A further associated company, European Mediation Limited, was previously wound up in the public interest in May 2009.

With Glovista Red, the companies investigation branch also cited “an abuse of limited liability” as a reason for winding the firm up, saying the company had a similar name to an associated Spanish company which misled customers into believing that they were dealing with an English company.

A spokeswoman for the Insolvency Service said: “I can confirm that this company was wound up on 24th February 2010 on the petition of the Secretary of State for BIS.

“The grounds upon which Glovista Red Limited was wound up included trading contrary to the public interest.

“On the making of the winding up order, Ken Beasley, the official receiver of the Insolvency Service’s Public Interest Unit was appointed liquidator.

“The official receiver’s enquiries into the company’s affairs are at an early stage and anyone having an interest in the matter including creditors should contact the official receiver at the address below.

“Mr K Beasley, Official Receiver, PIU Manchester, 2nd Floor, 3 Piccadilly Place, London Road, Manchester M13BN.”