The organization was co-founded by Arron Banks as a support group for Nigel Farage and his campaign to leave the European Union – but it was actually Vote Leave that was chosen as the official Leave campaign for the 2016 referendum .
This, however, did not stop the group in its campaign, but it did find fault when it committed “serious violations” of electronic marketing laws by sending subscribers more than a million e-mails. emails, including marketing for the insurance brand GoSkippy.
Nearly 300,000 emails containing a Leave.Eu newsletter were also sent to customers of the same company.
It has now emerged that the group, which was last registered at Henleaze Business Centre, has gone into liquidation for a total of £7.1million. This includes a £7m debt to Mr Banks, who loaned the group £6m at interest-free until it was transferred to Rock Holding Ltd at the end of 2020, when an interest rate of 4% above the base rate of the Bank of England was applied.
The group also owe £52,050 in fines to the Information Commissioners Office as well as £2,719 to Bristol-based Summit Media Management.
Mr Banks stepped down from the group as director in January 2021. The body’s only director when it went into liquidation in April was Gloucestershire-based Jacobus Coetzee.
Co-liquidators Rob Coad and Sam Talby, both of Undebt.co.uk also based in Bristol, have been appointed to wind up the group.
His total assets, according to a statement also submitted to Companies House, are estimated at £4,233.
A spokesman for the Information Commissioners Office said: ‘We will continue to monitor developments in the insolvency and support the liquidator in their claims as necessary.
BristolWorld has contacted the liquidators for comment.