Both companies are liquidated voluntarily, under a procedure called “voluntary strike-off”. This procedure is used to liquidate companies that have ceased business and do not have outstanding obligations. In both legal entities, the director is Pavel Durov.
Telegram UK Holdings Ltd was established in July 2018 and has the status of “dormant company”. This means that the company has not conducted any activity for a certain period of time. It is owned by the developer of the cryptocurrency and blockchain project TON Durova - Telegram Group Inc., registered in the British Virgin Islands (BVI).
Telegram UK Holdings delivered its latest financial report on December 31, 2018 for the 2018 financial year. According to him, the company at that time had a debt to unnamed lenders of £ 401,624, which was obliged to return within 12 months. At the same time, some of the counterparties owed her £ 427,270; she also had £ 20,956 in bank accounts.
The second company - Telegram Systems LLP - was established at the same time, in July 2018. It has the status of a limited liability partnership and has not submitted a single financial report to the British authorities.
As follows from the British registry, Pavel Durov signed a liquidation statement on November 6, 2019.
Meanwhile, on November 14, a publication appeared in the Swiss newspaper Handelszeitung stating that the Telegram headquarters could move to the city of Zug. With reference to informed sources, Handelszeitung writes that real estate agents are already picking up office space there.
In mid-October 2019, the U.S. Securities and Exchange Commission filed a lawsuit in a Manhattan court to suspend the unregistered initial public offering of tokens (ICOs) of Telegram Group Inc. and TON Issuer Inc. worth $ 1.7 billion
On February 19, as reported by TASS, the Federal Court of the Southern District of the State of New York extended an indefinite ban on Telegram Group Inc. for sale of digital tokens Gram.