Wine Name:

Sunday, 28 August 2016

Frederick Achom – law finally catches up with lionised banned director

Frederick Achom pictured 
with then Prime Minister David Cameron 

 Report from FT Adviser 4th August 2016

In late July 2016 the law finally caught up with convicted fraudster and banned director Frederick Achom for running a wine investment company while disqualified from acting as a director. Achom admitted to running now bust APW Asset Management Ltd despite his 11-year directorship ban. 

The FT Adviser reported that Achom received a six-month suspended sentence and was ordered to pay just under £1 million from his profits within three months or face a jail sentence of up to five years. 

Although it is good to see disqualification orders being enforced, it is amazing and worrying that it has taken so long. Frederick Achom and his business partner, Boington Anthony Grant, were disqualified for their part in running 'wine investment' company – Boington & Fredericks of London Ltd – from acting as UK company directors for 11 years. The ban ran from 23rd July 2002 to 22nd July 2013. Boington & Fredericks was wound up in the public interest in 2002. 

The Bordeaux Wine Company Ltd was founded on 17.2.2002 as Freedom Finance UK Ltd changing its name to The Bordeaux Wine Company 13.5.2003. It was fairly soon apparent that Frederick Achom and Anthony Grant controlled this company and Achom was also involved in Australian Portfolio Wines Ltd (in liquidation) despite their UK directors ban. 

They made no attempt to deny their involvement

On 13th April 2010 Anthony Grant sent me a lengthy response to my post here about The Bordeaux Wine Company, Grant and Achom.  

During the 2011 trial of convicted wine investment fraudster – Paul Craven – at St Albans Crown Court, Frederick Achom was a prosecution witness. Before setting up The Bordeaux Wine Trading Company Ltd Craven had worked for Achom at The Bordeaux Wine Trading Company.  

During his director's disqualification Achom is reported to have built a multi-million business empire based around The Rosemont Group, an off-shore company. On his site Frederick Achom's Story Bordeaux Wine Company is listed as one of his companies, although it is now also called BWC Management and Consulting Partners. Its website was registered on 1.11.2012. However copyright on the site runs from 2002 (see below), the date the Bordeaux Wine Company Ltd was founded

Under UK Company Law you can be disqualified as a director for up to 15 years. During the time of disqualification you cannot be a director of any company registered in the UK or an overseas company that has connections with the UK or be involved in forming, marketing or running a company. 

According to Achom's profile on Wikipedia: 
'Members clubs and investment firms

In 2005 Achom acquired controlling interest in the Bordeaux Wine Company,[27] the company was restructured and for the past decade has traded as a partnership offering services specifically to high net-worth individuals and institutions.[28]'

If indeed, the Bordeaux Wine Company was restructured into a partnership in 2005 there is nothing at Companies House to indicate any restructuring nor any details of Achom acquiring any shares in the Bordeaux Wine Company. 

Furthermore it was significant that during the fraud trials of Paul Craven and others at St Albans Crown Court during 2011 company that Craven and others had worked for before they set up The Bordeaux Wine Trading Company was referred to as the Bordeaux Wine Company Ltd. Although I wasn't in court every day, I was there on a number of occasions and I cannot recall any mention of BWC Management & Consulting Partners.  

Remarkably during his 11 year disqualification as a UK director Achom received a number of awards for being an entrepreneur as Frederick reveals on his Linkedin profile: including in the UK Power List 2011, London's 1000 Most Influential People (2011) and UK Power List 2013. 

All in all quite an achievement for a disqualified director! And what of his partner in the Bordeaux Wine Company Ltd – Boington Anthony Grant? Did the authorities just turn a blind eye until APW Asset Management Ltd was closed in the public interest by the Manchester High Court on 21st April 2015 with debts of £16.06 million? 


  1. Hello Jim,

    Please keep you your sterling work...

    What can be done about UK Agora which you have already commented on? I am one of those idiots who was conned into buying from APW but I am now being hounded by UK Agora who all previously worked for APW. I understand the liquidation process has finished and they are rubbing their hands together to get our stocks back. What can be done please as we are all vulnerable?

  2. Anon Thanks for your message. Excuse me but you are not all 'vulnerable'. You are not vulnerable if you put the phone down on these clowns and ignore their scam talk. The APW liquidation is not over – you can check this on Companies House Beta site for free. If there are any stocks to find it is very likely that they will have been found by the liquidator and not by Achom's former boiler room team.

  3. I just receive a christmas card from Bordeaux wine company. Are they still going