PrimeCask Trade Ltd – Due Diligence Statement (2025)

This Due Diligence Statement is provided to assist partners, suppliers, distributors, and clients in carrying out appropriate commercial and regulatory checks on PrimeCask Trade Ltd.
The company operates in full compliance with all relevant UK, EU, and international laws governing the importation, storage, distribution, and sale of alcoholic products.

PrimeCask Trade Ltd is a UK private limited company with formal governance controls and director oversight.

1. Governance Framework

PrimeCask Trade Ltd operates under the following governance principles:

  • Only company directors may authorise contracts, commitments, or transactions

  • No third party may represent the company without written authority

  • No client capital or investment funds are held unless contractually agreed

  • All commercial activity is documented, verified, and executed via official channels

2. Company Information

Legal Name: PrimeCask Trade Ltd
Trading Name: Prime Cask Trade Ltd
Company Number: 16023711
Date of Incorporation: 17 October 2024

Trading Address:
PrimeCask Trade Ltd
167–169 Great Portland Street
Fifth Floor
London W1W 5PF
United Kingdom

Trading Activity: Wholesaler/Retailer of Wine & Spirits
AWRS Number: upon request
EORI Number: upon request
VAT Number: upon request

Phone: +44 (0)20 3951 1725
Email: admin@primecask.co.uk
Website: www.primecask.co.uk

All company details, directors, and financial accounts can be verified through Companies House.

3. Business Overview

PrimeCask Trade Ltd is a boutique importer and distributor of premium bottled wines and spirits.
We prioritise quality-led product ranges and long-term partnerships with reputable producers and compliant distribution partners.

Core Activities:

  • Importation and distribution of bottled wine, champagne, and spirits

  • Collaboration with independent producers, premium brand owners, and accredited distributors

  • Fulfilment and logistics through regulated bonded and duty-paid storage partners

  • Selective brand-building support and market introductions

PrimeCask Trade Ltd does not trade in casks or offer cask investment products.
We deal exclusively in finished, bottled products.

4. Supply Chain, Storage & Fulfilment

PrimeCask operates a transparent and compliant supply chain:

  • All sourced goods originate from verified producers, brand owners, and distributors operating to recognised industry standards

  • PrimeCask Trade Ltd maintains its own bonded warehouse accounts for duty-suspended storage

  • We also use approved UK logistics providers and duty-paid storage facilities for fulfilment and national distribution

  • In certain cases, suppliers manage full fulfilment on our behalf, including storage, handling, and delivery, under their own regulated frameworks

  • All warehousing and logistics partners operate under HMRC regulations, ensuring full traceability and compliance

PrimeCask does not handle diverted, grey-market, counterfeit, or unverified stock.

5. Evidence of Duty Payment

PrimeCask Trade Ltd supplies products duty-paid unless agreed otherwise.
To protect the business and prevent fraud, evidence of duty payment (such as W5/W5D forms) is only provided directly to HMRC upon request.
Our AWRS number is displayed on all relevant invoices.

6. Documents We Cannot Provide

For security, anti-fraud, and compliance reasons, PrimeCask Trade Ltd cannot provide:

  • Blank invoices or blank letterheads

  • Copies of directors’ passports or personal documents

  • Personal address information

  • Bank statements

  • Utility bills

  • Warehouse access/security information

These restrictions are consistent with HMRC and industry best practice.

7. Customer Due Diligence (CDD)

To open a trade account (retailer, wholesaler, or online), PrimeCask Trade Ltd requires:

  • Certificate of Incorporation

  • VAT certificate (if applicable)

  • Company bank details

  • Owner/Director photo ID (passport or driving licence)

  • Recent business utility bill (under 3 months old)

All customers undergo risk assessment before account activation:

  • High-risk customers receive enhanced checks and quarterly reviews

  • All other customers are reviewed annually

  • Suspicious behaviour is reported to HMRC

  • Payment methods accepted: Bank Transfer and Card (no cheques; cash not permitted)

Accounts failing checks are not opened.

8. Supplier Due Diligence (KYS)

As part of the Alcohol Wholesaler Registration Scheme (AWRS), PrimeCask must conduct due-diligence checks on all suppliers.

Required documents include:

  • Company introduction and product overview

  • Payment terms and delivery conditions

  • Bank details

  • Company registration number

  • VAT registration

  • HMRC Deferment Number (if applicable)

  • WOWGR/Excise Registration (if applicable)

  • Warehouse address

  • AWRS Number (URN)

UK duty-paid suppliers may be asked to provide evidence of duty payment.

High-risk suppliers undergo enhanced checks and may require site visits.
All suppliers are reviewed annually; high-risk suppliers quarterly.

9. Due Diligence Code of Conduct (DDCOC)

PrimeCask Trade Ltd’s DDCOC requires:

  • Knowing your customer or supplier

  • Ensuring all parties in the supply chain operate legitimately

  • Maintaining accurate, up-to-date customer/supplier records

  • Regular scheduled reviews of risk classifications

  • Director approval for new accounts and final sign-off

  • Immediate suspension of accounts that fail risk checks

  • No cash payments (cheque or bank transfer only)

All due-diligence checks are documented and retained in accordance with HMRC guidance.

10. Summary

PrimeCask Trade Ltd is a compliant, reputable distributor operating within a transparent and fully regulated supply chain.
All necessary information to conduct due diligence is included above.
Further details can be provided upon request via admin@primecask.co.uk