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Friday, 2 January 2015

BDS Fine & Rare Ltd – no thanks!

'BDS specialise in sourcing the finest 
Premier Cru Wines from Bordeaux' 

About us – from the BDS Fine & Rare website:  
'BDS specialise in sourcing the finest Premier Cru Wines from Bordeaux.

'Our company offer guidance and support at every stage of the Wine purchasing process, from the purchasing of high quality rare Fine Wine to the actual sale we  are with you. Our services not only include portfolio management, but also the re-selling of existing portfolios.'


 
BDS Fine & Rare Ltd was founded on 11th March 2013, while its website was registered on 12th February 2014. It has one director – 28-year-old Lee Alan Barnett, who is also the sole shareholder with its £1 of share capital. 

   
BDS Fine & Rare Ltd are clearly having problems filing their statutory documents with Companies House of time. Their first annual return due to be filed in March 2014 wasn't filed until 16th July 2014, presumably prompted by a First Gazette being published on 8th July 2014 presumably for non-compliance. Their first accounts are now slightly overdue as they should have been filed on 11th December 2014.  
  
 
Contact address: 8th Floor, 6 Mitre Passage, 
Greenwich, London SE10 0ER
is a virtual office


To date the company's two addresses have been virtual offices – the present one is in Greenwich, while the previous address was 86-90 Paul Street, London EC2A 4NE. 

  'You can cancel your invoice at any time for any reason 
within 7 days of signing the Pro forma or 
Purchase Invoice. Your payment will be returned in full.'   
Not in line with current legislation.  

Lee Barnett and BDS Fine & Rare Ltd appear not to be aware of the 2013 Consumer Contracts legislation which gives buyers a statutory cancellation period of 14 days from delivery. Under the legislation if consumers are not properly informed of their rights then the cancellation period is extended by a year. So it would make sense for BDS Fine & Rare Ltd to sort out its T&Cs. 

BDS Fine & Rare are not authorised 
to give investment advice etc.  

All in all BDS Fine & Rare Ltd is another wine investment company I shall be avoiding.

4 comments:

  1. Talking of overdue accounts, it appears that Provenance Fine Wines now have a proposal to strike off against their name at Companies House, and DueDil state that the company is in dissolution. Does the Wine Investment Association (of which Provenance is a member) have anything to say about this? What's going on? Are they about to go under? What will happen to their clients etc? This is important, Jim, especially as you do not give any warning about this company anywhere on your site. Some clarity would be welcome.

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  2. Anon. Thanks. Yes the annual return is overdue as are the latest accounts and a first gazette has been published. Please note that I have received no complaints about this company.

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  3. 25.1.15: an update the annual return has now been filed so 1st Gazette put aside. Peter Shakeshaft was appointed as a director of the company on 14.1.2015.

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  4. BDS Fine and Rare Limited: I note that an "application to strike the company off the register" was made to Companies House on 23 Nov 2016. This didn't stop them calling me on 28 Nov 2016 (if it was BDS Fine & Rare Limited of course!!).

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