HMRC Bond
An HMRC Bonded Account, utilized for wine investments, refers to a meticulously regulated warehouse endorsed by Her Majesty’s Revenue and Customs. These facilities boast temperature- and/or humidity-controlled environments, specifically designed to safeguard some of the world’s finest wines. Storing your wines in an HMRC bonded facility is paramount to ensuring their preservation and protection.
There are approximately five facilities in the UK that we consider suitable for wine storage. However, we chose to partner with Seabrook Bond, an HMRC institution based in Barking, East London, established in 1983. In addition to meeting the standard criteria for fine wine storage, Seabrook stood out to us due to their emphasis on ensuring your wines are kept secure by providing:
- 24/7/365 on-site security guards
- Theft and fire alarm monitors
- CCTV and security patrols
- Secure perimeter fencing
- Number plate recognition cameras for all vehicle movements in and out
Insurance
In addition to the safeguards provided by the bond, your broker will advise on a tailored insurance policy for your wines. This means that in the event of any unforeseen incidents affecting your stock, you’ll either receive a refund at market value or have the stock replaced, ensuring the protection of your investment.
