Dickinson: "Thierry's papers show no wrongdoing"

14 June, 2013

Former Thierry's director Matthew Dickinson claims to have submitted documents to accountants investigating the conduct of its management that show "no apparent evidence of wrongdoing" during his 10-year career with the firm. 

OLN revealed last month that Grant Thornton had launched what it described as an "on-going" investigation into its directors and the cause of the importer's collapsed last December with debts of £5.5 million.
Dickinson, who was Thierry's trading director until his resignation in July 2011, contacted OLN to confirm he was complying fully with his legal obligation to share paperwork with Grant Thornton¹s team.
He said: "I have spoken to the joint liquidators as one of the shareholders and past directors of Thierry's and am under a legal obligation to provide them with all documents in my possession, and I will of course abide by this fully. However, given that I resigned as a director of Thierry's in July 2011, and ceased to see any form of company documentation whatsoever after March 2012, I can confirm that the documents in my possession show no apparent evidence of wrongdoing by the then directors, Hatim Dungarwalla, Lindsay Talas and Dominique Vrigneau up to that point.
He continued: "Had they done so, as a shareholder, I would have taken steps to request the removal of the directors. I should also point out that the last management accounts that I saw from February 2012 showed that the company had a solvent balance sheet and was paying suppliers in full. Not only did I not have a part in, but would in no way have condoned, any illegal behaviour that may have contributed to the demise of Thierry's and the debts left owing to creditors."Dickinson acknowledged that the company's collapse could deter suppliers from trading in the UK.
He said: "I am extremely sympathetic to the plight of the creditors, and know many of them personally. I believe events like those of Thierry's, amongst others, do little to further the reputation of our wine industry within its global context."
Thierry's former managing director, Hatim Dungarwalla, declined to comment.
 




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