LV Distributions Ltd and SIO Traders Ltd were wound up in the High Court in front of Judge Burton, in separate hearings on 27 July 2021 following inquiries conducted by the Insolvency Service, which proved neither company ever traded.

After the wind-up order was announced an official receiver was appointed as liquidator of the two companies.

The petition against SIO Traders Ltd was presented under s124A of the Insolvency Act 1986 on 17 May 2021 at the Business and Property Court in Manchester in front of DJ Bever and the petition against LV Distributions Ltd was presented on 25 May 2021 at the High Court in London in front of Judge Burton.