• Tue. Jun 21st, 2022

Property company controlled by Liverpool businessman Tony Kenny goes bankrupt

ByJanice K. Merrill

May 25, 2022

A property company controlled by a bankrupt Liverpool businessman has been dissolved.

The Vinco Group Limited, founded by Liverpool developer Tony Kenny, is now set to be dissolved. The company went into compulsory liquidation in January this year.

A liquidation order, brought by London businessman Yaacov Kahn and Mirjam Kahn, has been ordered by the High Court. The court issued the order on January 4 this year.

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Details appeared on the Companies House website last month. The order reads: “It is ordered that Vinco Group Limited be wound up by this court under the provisions of the Insolvency Act 1986.

“And it is ordered that the petitioner’s costs of said motion be paid out of the assets of the company.”

Vinco Group was founded by Liverpool businessman Tony Kenny in 2015. Mr Kenny resigned from the company in September last year. However, Mr Kenny is registered with Companies House as a person holding more than 75% of the company’s shares.

Mr Kenny, 45, was placed on a five-year bankruptcy restriction recognizance (BRU) following a court hearing last year. The bankruptcy petition was filed by NF DELTA LLP, which led to Mr. Kenny’s filing for bankruptcy on August 4th last year.

The BRU prohibits Mr. Kenny from acting as a company director or running a business without a court permit.

Advertising information provided by Vinco circa 2018 described Mr. Kenny as the company’s founder. The statement read: “Tony Kenny is the founder and CEO of the Vinco Group. It was established in 2014 and has since grown exponentially.

“The company is now recognized as one of the leading property developers in the North West of England. Tony is very active in terms of the business and securing projects – while relying on his team for the achievement.”

The Vinco Group was one of the companies involved in the Tannery project in North Liverpool. The schema was not built.

Development company The Tannery Liverpool Ltd, controlled by Vinco, subsequently went into receivership and then into liquidation. Last week, an update report from Cowgills liquidators revealed that significant losses are likely.

It reads: “The receivers have recently advised that debts due to secured creditors exceed £5.6m. However, the current value of the land is only £3m and so there is a significant shortfall expected.”

The Vinco Group was also behind another project near The Tannery which did not come to fruition. In 2017 the company unveiled plans to build four towers on Freemasons Row off Leeds Street. But the 656 residential units, billed as the ‘Hanging Gardens of Liverpool’, were not built.

ECHO approached Mr. Kenny to comment on this story.