Hatton Garden Safe Deposit enters liquidation

The Hatton Garden Safe Deposit company, which was hit by a £10m jewellery heist earlier this year, has gone into liquidation. 

The firm, which is owned by Sudanese father and son Mahendra and Manish Bavishi, appointed accountancy firm SPW after it became insolvent.

Speaking to Jewellery Focus, Stella Davis of SPW confirmed that herself and Harold Sorsky were appointed as the joint liquidators on Monday, August 24, but would not give any more information due to the confidentiality of the case.

According to a report in the Telegraph, the company is understood to have been owed a large amount of money from deposit box holders who had fallen behind with their payments,and it is believed some other customers have taken their business elsewhere.  

The company was hit by thieves over the Easter bank holiday weekend where an estimated £10m worth of jewellery was taken. Heavy cutting equipment appeared to have been used to enter the firm’s vault, where some 73 deposit boxes were opened.

A total of 13 defendants are due to appear at Woolwich Crown Court on Friday, September 4 to enter pleas ahead of a trial schedule for November.

Terry Perkins, 67, John Collins, 74, Daniel Jones, 58, Hugh Doyle, 48, William Lincoln, 59, Brian Reader, 76, Paul Reader, 50, Carl Wood, 58 and John Harbinson, 42, all face charges of conspiracy to burgle.

Meanwhile, Brenn Walters, also known as Ben Perkins, 43, Laura Perkins, 40, Terri Robinson, 35, and Steven Robinson, 46, are charged with conspiracy to conceal, disguise, convert or transfer criminal property.

Jewellery Focus has contacted the Hatton Garden Safety Deposit company for comment.