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Tuesday, 28 July 2015

Winchester Associates Ltd – a recently active charitable institution?


 'Winchester Associates was founded in 2006 and 
has an extensive amount of commodity trading between it's (sic) brokers'

Companies House: nature of business: market research 
and public opinion polling
Last accounts made up to 31.12.2013 (Dormant) 

'Who is?' details of Winchester Associates website: registered 13th March 2015 

Winchester Associates Ltd's contact details are:
St Clement's House, 27/28 Clement's Lane, EC4N 7AE 
Serviced offices and meeting rooms   

Winchester Associates Ltd have recently been active contacting a number of wine investors and offering very attractive prices for clients in Dubai and China. Its website trumpets that the company was founded in 2006 and has 'extensive experience'. This impression is highly suspect.

Although Winchester Associates was indeed set up on 21.8.2006, the company with a £2 share capital was dormant at least until end of 2013 – the last accounts filed are for a dormant company. Probably remained dormant until around late February/March 2015. Current director is 33-year-old Christopher James Brummitt (appointed 24.2.2015 and their website  wasn't registered until 13.3.2015. Serviced office address. Despite this history website gives impression that Winchester Associates Ltd has been active in the fine wine trade and commodity trading since 2006.   

AC was recently contacted by Winchester Associates Ltd who made a very generous offer for their portfolio of wines. This offer included £1434 for a case of 2005 Lynch Bages, which can be purchased elsewhere in the UK for £928, £10,894 for 1996 Lafite (case) and most generously £689 for a case of 2012 Château d'Yquem. Doubtless Winchester Associates priced the Yquem on its rarity value as the château did not release any wine under its name in 2012 as the conditions during the vintage were so atrocious for making sweet wine. Distributing such largesse makes me wonder whether Winchester Associates Ltd is a registered charity.

AC was told that Winchester Associates Ltd don't normally trade wines and instead deal in other commodities for corporate customers (oil and gas, diamonds, stones, gold etc). They claim to have a specific customer referred to as an "International Hotel Chain" with office is Dubai and Shanghai who they help source wines for from UK stockists. They stated that they had POs from them and could offer Live-X +25%.   

Winchester Associates Ltd's web pages on energy, metals and gold bear considerable similarity with the pages on
-->www.macquarie.com and --> http://commodityhq.com/commodity/precious-metals/gold while the fine wine section has similarities with an established wine merchant.

Here as an example is Energy:
'Winchester Associates  provides products and solutions to a broad customer base across the energy sector. Traded energy products include natural gas, liquefied natural gas (LNG), natural gas liquids (NGLs), power, crude oil, coal and other refined products.

In addition, the division is active across all physical energy products: natural gas, power, LNG, oil, NGLs and coal. Energy Markets also provides storage and transportation services, and commodities based financing.'
 
I have to admire Christopher Brummitt's energy as the sole director of a £2 company on having established 'a broad customer base across the energy sector' in just five months since his appointment in February 2015. 

However, despite this I will steer clear of Winchester Associates Ltd and their amazingly generous wine offers – wine deals in Dubai and Shanghai can go sour....   

••

An aside 
I am indebted to anon for this research. On 2nd June 2005 The Hertfordshire and Essex Observer reported that a Chris Brummitt – 22 years old and living at the Spinney was jailed for three months for assaulting two police officers, while drunk. Read the story here. This may well be another Chris Brummitt and an entire coincidence. However, Christopher Brummitt (director of Winchester Associates Ltd) does come from Hertfordshire and as he was born on 13th June 1982, he would have been 22 when he was sentenced.   

 
 


 

 

Christopher Brummitt holds 1 appointments at 1 active companies, has resigned from 0 companies and held 0 appointments at 0 dissolved companies. Christopher began their first appointment at the age of 32. Their longest current appointment spans 0 years and 5 months at WINCHESTER ASSOCIATES LIMITED.

Read more at: http://companycheck.co.uk/director/919529152

Wednesday, 22 July 2015

APW update from Quantuma – UK Agora still contacting APW clients





 Press release from Quantuma: 

17th July 2015

APW Asset Management Ltd in Liquidation 
APW Asset Management Ltd, the wine investment company, went into Liquidation on 25 March 2015.

Quantuma were jointly appointed to deal with the winding-up of the Company. Quantuma’s primary responsibilities are dealing with the assets of the Company and wines held in the names of investors. This will take some time to investigate due to the complications of the case.

Quantuma have been made aware of a number of communications from other wine investment companies to the former clients of APW Asset Management Ltd.

Nick Simmonds, Partner at Quantuma said “There are a number of complications with the Liquidation of APW Asset Management Ltd which will take some time to investigate and resolve. In the meantime we are concerned regarding approaches to former APW clients from other companies. We would like to reiterate that wines will not be released without Quantuma’s sanction and no third parties have been given permissionto contact clients in relation to APW. As a result, any contact received from third parties should be treated with extreme caution.”

'Please note that these calls/correspondence are NOT from Quantuma LLP' 

A report of identity theft has been made to Action Fraud and we would ask that any investorwho has been contacted in this manner make a report to Action Fraud on 0300 123 2040 using reference number : NFRC 150 300 964 442

•• 

Agora UK Ltd are one of the companies that have been contacting APW clients as this email below shows. Please see previous investdrinks post on Agora UK Ltd. UK Agora Ltd appear to be mistaken in thinking that they have spoken with Quantuma.


'From: Admin <admin@ukagora.com>
Date: 15 July 2015 at 17:14
Subject: APW UPDATE!
To:


Dear Client, 

We hope you are well. 

We have an update regarding the APW/Quantuma situation. 

A large institutional client of UK Agora's managed to remove his APW wines before they went into administration off of the back of our advice. However, he still has around 40 cases inside the APW London City Bond account which were not moved.

After putting significant pressure on Quantuma they have informed him that he can expect to receive his wines as they are not classed as APW's asset. 

Like you, he has provided full proof of purchase which has helped Quantuma identify what wines belong to him. Your wines are stored within a sub account inside APW's main account which makes your wines easy to identify. (Should you be unsure of your account reference please check your APW paperwork. It normally consists of your first and last initial followed by a few numbers).

Fortunately for clients APW did actually purchase the majority of the wines they recommended. The wines we are aware they did not purchase are; Chateaux Lafite Rothschild, Yara Yerring and the Torbreck Laird 2008. 

This comes as fanatic (sic!) news as it means that your verticals and other collectible positions remain intact! This news has added some relief to those clients who were unsure of what the outcome would be. 

I have also been given an idea of the time scale this process will take. But at this point I feel that it is probably not worth mentioning until I have an exact date. 

We will continue to keep you up-to-date on this matter.

Best Regards,

Admin Department
Address: 55 Old Broad Street, London, EC2M 1RX
Tel: 0207 997 6759
Email: info@ukagora.com 
Web: www.ukagora.com'


Wednesday, 1 July 2015

BIS petitioning to wind up Blakeney Bridge Wine Ltd

-->




The Department for Business, Innovation & Skills (BIS) is petitioning to have Blakeney Bridge Wines Ltd wound up in the public interest. The petition was presented on 26th May 2015. It will be in London's High Court on 18th November 2015.   

Details:
In the High Court of Justice (Chancery Division)

Companies Court No 3770 of 2015

In the Matter of BLAKENEY BRIDGE WINE LTD
(Company Number 7664841)
and in the Matter of the Insolvency Act 1986

A petition to wind up the above named Company of Airport House Business Centre, Purley Way, Croydon, Surrey, CR0 0XZ presented on 26 May 2015 by the SECRETARY OF STATE FOR BUSINESS, INNOVATION AND SKILLS, 3 Piccadilly Place, London Road, Manchester, M1 3BN will be heard at the Rolls Building, Royal Courts of Justice, 7 Rolls Building, Fetter Lane, London, EC4A 1NL on 18 November 2015 at 2.00 pm (or as soon thereafter as the petition can be heard).

Any person intending to appear on the hearing of the petition (whether to support or oppose it) must give notice of intention to do so to the petitioner or its solicitors in accordance with Rule 4.16 by 1600 hours on 17 November 2015.

The Petitioner’s solicitor is Wragge Lawrence Graham & Co LLP, Two Snowhill, Birmingham, B4 6WR, telephone 0870 903 1000 email louise.wilson@wragge-law.com (ref: 2086995/DDG/LMA1.)
16 June 2015'

This is good news as Blakeney Bridge Wine Ltd targetted the elderly to persuade them to make wine investments.