A UK court has appointed a provisional liquidator for London-based wine investment firm Bordeaux Fine Wines (BFW) after an investigation by the Insolvency Service.

The provisional liquidator will protect assets in the possession or under the control of the company pending the settlement of the petition, according o Fundweb.

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The court has appointed the liquidator on 19 December 2013 in response to the public interest.

The provisional liquidation order followed a petition on behalf of business, innovation and skills secretary Vincent Cable.

However, no further information regarding the case is expected to be made available until the hearing of the petition, which is scheduled to go before the High Court on 26 February 2014.

BFW has cold-called potential investors, attracting criticism from some commentators.

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Insolvency Service said: "The Official Receiver has been appointed provisional liquidator of BFW. The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect the assets including any third party or trust money or assets in the possession or under the control of the company."