Julie Meyer's Ariadne Capital put into hands of administrators

Updated with Julie Meyer comment at 3.10pm

The UK company Ariadne Capital run by entrepreneurship guru Julie Meyer has been out into the hands of administrators, just weeks after she insisted it was ‘liquid’ in spite of mounting debts, according to a letter sent to her creditors in the UK.

Business Insider’s online magazine said that Ariadne Capital’s creditors were informed that Leonard Curtis, one of the largest independent firms in the UK specialising in corporate recovery, insolvency and business restructuring, took it into administration on December 15.

When contacted, Ms Meyer played down the development, telling the Times of Malta: "It had always been the intention of Ariadne Capital Group Limited (ACGL) our top co/ holding company to acquire Ariadne Capital Limited (London/ ACL) as a going concern not an asset sale. The actions of the former MD caused me as the secured creditor to appoint an administrator for ACL. There is no implication for Malta. The centre of gravity of Ariadne shifted away from London 18 months ago."

Times of Malta recently reported that she was been sued by a company in Malta for unpaid bills, as well as being pursued by employees – both in Malta...