I wouldn't buy wine from these companies

I have just added a page to this blog listing companies from whom I would not buy wine.

For a variety of reasons I would not consider buying wine from them. This would apply in particular to ordering wines en primeur.  I would not buy for a variety of reasons: the lack of an established track record, the use of cold calls especially when persistent, charging an upfront commission, selling well above the price these wines can be bought from other companies, lack of hard information about the company – its officers, history etc on websites and brochures, exaggerated and unlikely claims made by recently formed companies. The reasons for not wishing to buy from one of these companies will obviously vary from company to company.

Finbow Wines: SIFMA warning

I understand that Michael Adams and Frank Benson are continuing to contact previous clients of Finbow Wines and offering them deals to assist them recover money invested in Finbow. Apparently one elderly Finbow investor has been stung for a further £15,000 by people claiming to act for SIFMA.  It is clear that Adams, Benson etc. have full details of Finbow's clients. I understand that SIFMA (The Securities Industry and Financial Markets Association) are not involved in any way. 

If contacted by Michael Adams, Frank Benson or anyone else purporting to represent SIFMA do not agree to their proposals, which are likely to involve further payments to recover Finbow monies. Instead report full details to both your local police, informing them that Finbow Wines is under investigation by the Metropolitan Police and also to file a report on Action Fraud (www.actionfraud.org.uk). 

 

Wine Traders International: liquidator appointed

I understand that at the creditors' meeting on Wednesday that RSM Tenon were appointed as the liquidators of the company. I am hoping to get further details from Tenon early next week and will post them when I have them.