2014 sees us enter our 8th year of trading, our European office was established in Spain in 2007. Bacchus Vintners Ltd was incorporated in April 2009 with offices in St.Albans in Hertfordshire and Droitwich Spa in Worcestershire.
Our clients are not investing in Bacchus Vintners as a commercial organisation. Their money is invested in the physical asset – the wine itself. Each client has his own private account at LCB. Upon its arrival at LCB, the wine is held in our client’s name and the case is physically labelled with the owner’s rotation number that identifies it as his own.
Our client has access to LCB’s own website through a personal login name and password allowing him to monitor the arrival of the wine into his own private account. This means that only our client has access to his wine as they are the legal owner.
We act as agents, sourcing wine for our clients through UK and European suppliers. With our knowledge and contacts within the industry we are able to buy wine as close to the producer as possible.
We assist our clients with a full comprehensive service; from selecting the wines, setting up our client’s private account at LCB, organising all delivery and transport costs, examining the wine upon arrival and issuing of certificates. We will also compile an annual report on our client’s portfolios and provide all relevant market news on the world of wine.
Most importantly, we do not charge commission on the sale of our client’s portfolio. All of the profits are our client’s to keep!
At Bacchus Vintners, we advise anyone already invested in the market to check with the warehouse in which they store that they indeed have their own account and have sole access to it. Many companies still adopt an ‘umbrella account’ policy where they will invoice you directly for the storage – this ultimately compromises your freedom to trade with whomever as you will be tied to the company in question.