Wine investment company fails - Telegraph Herron Fisher, the administrator, said it hoped to rescue the Greenwich-based company as a going concern. While some of Vinance's investors would not be affected, as they held "allocated" wine in bonded warehouses or in their own possession, others had not yet had their wines allocated to them, Herron Fisher said. "There are no wines awaiting allocation, nor are we able to buy any more wine," the administrator said, adding: "The company records are not perfect and it will take some time for us to establish the exact position." Vinance's problems follow a year-long correction in the wine market that has seen prices on some top chateaux fall by up to 35pc.