wine-searcher

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Monday, 15 April 2013

www.duedil.com – a useful resource eg giving insight into Bordeaux Fine Wines Ltd etc.




Compare and contrast: article in the BFW's Bordeaux Magazine (above) 



The original on Chris Kissack's winedoctor


www.duedil.com is a useful resource providing information on companies through filed documents with Companies House, which it complements.

Take, for instance, the information from duedil on Bromley based Bordeaux Fine Wines Ltd:

'Bordeaux Fine Wines Limited was incorporated on 18 Sep 2008 and is located in Kent. The company's status is '', with one director. Kenneth Gundlach is Bordeaux Fine Wines Limited's sole shareholder. They have no known group companies. Bordeaux Fine Wines Limited have total assets of £0* plus total liabilities of £2,024,913. Last year, they paid £-1,700,208 in tax and had £238,563 in cash reserves. According to their last financial report, the business made a gross profit of £7,108,125. Bordeaux Fine Wines Limited paid £5,500 in salaries and £4,255,875 in dividends last year. Their book value is £389,258, and the value of their shareholders' fund is £389,258.'

The sole director is Kenneth Gundlach, who as the sole shareholder, is presumably the grateful recipient of the £4.25 million paid in dividends. I trust that this largesse is not at the expense of Bordeaux Fine Wines Ltd' investors and that they get an equally good deal.

A recent message suggests that investors with Bordeaux Fine Wines Ltd get a rather less good deal than does Mr Gundlach:


'After some aggressive cold calling my father has invested with Bordeaux Fine Wines Ltd.' 

This client was persuaded to spend around £50,000 on wine that can now be bought for £14615 – (source wine-searcher).Helps, I think, to explain the company's gross profit of over £7 million. 

Kenneth Gundlach and Bordeaux Fine Wines Ltd has also been highlighted recently here on Mirror.co.uk.  

* The company's assets have now been amended on duedil.com to £2,414,171.  

***

Testing out duedil.com I looked at the the book value ('Also known as net asset value, book value can give a rough indication of a company's net worth' of the four founding members – Albany Portfolio Management, Culver Street Trading, Provenance Fine Wines and Vin-X  – of the WIA (Wine Investment Association) and compared this with the value of three leading fine wine companies – Farr Vintners, Bordeaux Index and Wilkinson Vintners. 

The combined value of the four WIA companies is - £1,260,222. This negative value is caused by a substantial minus value for Culver Street Trading. The other three have a combined net value of £281,363. In comparison the three leading fine wine companies have a combined value of £35,936,288.       
  


28 comments:

  1. The following individual is running a recovery service run by
    Alexander Goodrich
    Asset Recovery Associates Ltd 07690562
    Asset Recovery Resources Ltd 08341454
    Monmark House
    27 Old Gloucester Street
    London
    WC1N 3AX
    0203 620 7587
    He has offered to recover monies for me from various companies including wine, does he require a licence or do you know anything about him.

    ReplyDelete
  2. I have never heard of Alexander Goodrich and his company, which was formed in July 2011. 27 Old Gloucester Street is an accommodation address. He is the sole director and shareholder.

    ReplyDelete
  3. Alexander Goodrich was a Sales Manager at a land company English Land Partnership

    ReplyDelete
  4. WHATS THIS RUBBISH YOU ARE PUBLISHING JIM

    ReplyDelete
    Replies
    1. Anon. Many thanks for your comment. Jim

      Delete
  5. Jim I am an Ex employee of Bordeaux Fine Wines the company is a Joke they gave us cheques which we were encouraged to go and cash in Croydon none of the sales people paid any tax on our money HMRC would have a field day there are some guys earning well over £20k a month. Bordeaux Fine Wines bank account recently got frozen and then we were all offed Double commission!! They buy there wine but only here and there Ken Gundlach is more concerned with his race horses flying on private jets than he is the clients of his company the guy takes about £250k a month which if you do the figures it works out that when he buys the wine its sold at a 70% mark up I am so glad to be out of there because i am sure the tax man will catch up with all of them sooner or later

    ReplyDelete
    Replies
    1. So am I. All true. £20k a month barely scratches the surface for some people there.

      Delete
  6. http://www.alternativesolutionsinc.co.uk

    a wine company that does it all.................

    ReplyDelete
    Replies
    1. At first glance, that looks like all the other dodgy investment sites, but to their credit they not only appear to have a proper address, but they also name all their "fine wine brokers" and have pictures of them on their blog. That's something you do not see on the dodgy sites.

      'Course if you want to invest your hard-earned cash in wine on the advice of an ex revolving-door salesman, am ex-telecommunications manager and someone who used to work for View London, then that's your look-out. But I guess everyone has to start somewhere.

      Delete
    2. Posted for anonymous: Anonymous has left a new comment on your post "www.duedil.com – a useful resource eg giving insig...":

      It is obvious that the comment above comes from someone at Alternative solutions

      Not only do they sell wine, but diamonds and storage investments a jack of all trades whom I believe will show there true colours over time, who is to say those pictures are real

      Kent has been the birthplace of wine scammers

      Delete
  7. I invite you to edit part of this article Jim as it could see your work discredited " Bordeaux Fine Wines Limited have total assets of £0 plus total liabilities of £2,024,913." The total assets is incorrect they have assets of £2,414,171, after all thorough and factual due diligence is always key isn't it?

    ReplyDelete
  8. Anon. Thank you I note that duedil's entry on Bordeaux Fine Wines has been amended and I have indicated this on my post giving the company's current assets.

    ReplyDelete
  9. Edited comment by anon:

    FEDUPOFBANDITS has left a new comment on your post "www.duedil.com – a useful resource eg giving insig...":

    Regardless of Duedil's 'mistake' on the BFW assets, it doesn't change the fact that the accoutning info clearly indicates that 'Mr Gundlach' is making hugely unjustifiable margins for the company and personally. Let's face it, with the money Gundlach is raking in, it wouldn't be difficult to create some assets on paper to balance things in the public eye. You know a company is dodgy as a two-bob note when they've got multiple instances of people claiming to be former employees using internet forums to warn prospective clients of the questionable business practices. The claims by those former employees are further substantiated by the filed accounts, where c.£5,500 was paid in total wages last year! Ridiculous for a company with a turnover of 8 figures to only be employing one person on sub-minimum wage!!!

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  10. I too was an employee. The sales people take 15% commission. The contacts we call are ALL 60-90 years old, eventually after a thousand phone calls you will get one person who is naive enough to go ahead with the deal. The mark-up is ATLEAST 80% so the client spends the first 3 years POTENTIALLY making their money back.

    I have doubts as to whether the wine is actually there in the first place. The people that finalise the deal do so with checking to see what is on the market. There has never been any wine at the office and there is NO team there assigned to seek out this "elusive & sought after wine". Everyone in the building does sales... we are hounded to sell, use manipulation, and play on the clients weaknesses.

    Ken Gundlach opens the day with a speech about how to better your life and earn this and that but he is the only one who gains from this. Some of the top sellers earn £30k per month on average. Makes me sick. I joined thinking there may be a catch to it but when i found out about the lies and deception and just general B*LLSHIT I left.

    I hope all the top earners who close the deals and Ken go to prison one day. They are all in on it, driving their flash cars when they are robbing from the pensioners who need the money the most.

    Leave an email address and i will fill anyone in with details if you want to shut this place down

    ReplyDelete
    Replies
    1. s.slack@outlook.com
      I would be interested in hearing what you have to say as I have invested with this company, thanks

      Delete
  11. Absolutely disgusting.

    Ironic that 'kenneth gundlach' has a horse called andhesontherun. Hopefully he will soon be too.

    ReplyDelete
    Replies
    1. http://www.horseracingnation.com/horse/Andhesontherun

      Delete
  12. Hi Jim, I have just gone to look at Bordeaux fine wines website, and now it only showing the homepage, when I click on any link it says 404 error page not found? is it under construction or would it be something else?

    thanks

    ReplyDelete
  13. Anon. Thanks for this. Yes I noticed this too – the domain name is up for sale. I fancy Kenneth Gundlach (Kenneth JP Gundlach?) is moving on to the recently set up Bordeaux Merchants Ltd. Have updated page of companies from whom I would not buy.

    ReplyDelete
  14. The website seems to be up and running again now.

    ReplyDelete
    Replies
    1. Anon. Correct. It does seem to be back up and running. Thanks. Jim

      Delete
  15. I work for a regulatory organisation that would be very interested to hear information concerning the trading practices of Bordeaux Fine Wine Limited and its employees/directors.

    I would invite any ex-employees and investors who have had problems with this company to email Michael.Palmice@gmail.com which is an email set up to protect my anonymity.

    Once I have had an opportunity to read your email I will be in a position to disclose my organisations interest.

    Thank You

    Michael

    ReplyDelete
    Replies
    1. Although I have posted Michael's comment, anyone replying will want to establish whether this is a bona fide request. I invite Michael to email me in confidence his organisation's interest.

      Delete
    2. Michael has emailed me. I'm satisfied that this is a genuine request/invitation, which can safely be accepted.

      Delete
  16. I have been pestered by 'Alex' for the past month and he has sent me an invoice for a case of wine. Sounds like I should avoid this company
    Anon

    ReplyDelete
    Replies
    1. I would and put the invoice in the bin.

      Delete
  17. Could the Anon who has just left a comment please email me. Many thanks.

    ReplyDelete
  18. has anyone else seen the link of BFW with Encarta fine wines of bromley9recently moved to Beckenham)?

    ReplyDelete