Spirit Traders 

While the delays in the building of Princetown distillery are disappointing, after speaking to the distillery, it’s understandable about the delays. I lost my own business during covid, so my other investments became much more important. I just received updates and pictures of the distillery this week, so well done for keeping the build on track… looking forward to the opening : )

I purchased one numbered empty cask of expected production from Princetown distillery in March 2023 I was informed it was a prestige product and that casks numbered 1 to 10 had been sold for £75,000 each . I was also informed that the then Prince Charles would be opening the distillery in October 2023. I pursued Spirt traders for information in December 2023 and was informed that they would arrange to purchase my empty cask at a price 8 percent higher than I had paid. I asked from information on purchase in March 2024 and was referred to the owner of the plant. Who failed to respond to my enquiry and indeed the plant would not start production until 2025. I am now the owner of an empty whiskey cask which must be the most expensive cask ever produced. I shall be taking the matter up with trading standards as clearly this is a most outrageous scam

I cannot stress enough how crucial it is to steer clear of this company. My experience has been nothing short of a nightmare, with ongoing legal battles and debt collection issues that have left me and several investors in my circle collectively out of pocket by over £100,000.

I initially invested £20,000 with high hopes, but it quickly turned into a financial disaster. Communication from the company has been abysmal, and when problems arose, the support was nonexistent. Attempting to retrieve my money has been a costly endeavor, with thousands spent on legal fees and other means, all to no avail.

To make matters worse, it's not an isolated incident. Multiple investors in my network are facing similar challenges, with the cumulative losses reaching an alarming figure. The involvement of debt collection agencies only adds insult to injury.

I implore anyone considering investing in this company to think twice and explore alternative options. The financial and emotional toll of dealing with the aftermath of this investment has been overwhelming. Save yourself the headache, stress, and financial burden – avoid this company at all costs.

Concerned at lack of feedback after investing in 1 cask back in 2021 and still the distillery is not up and running.
Hoping this is all just a blip due to covid hitting.

Contact me if you have similar experience.

Drosen1984 at gmail dot com

We visited Dartmoor National Park & Princetown distillery in May... what a fantastic development! A great project and we invested in two casks. Highly recommend!

Paid deposit, pulled out when I got sense, never got the deposit back... A lucky escape!

Great product, great investment and have reccomended to others

I bought a cask from Princetown distillery in October and I think it is a very good investment. The distillery is being built now and could possibly be one of the most impressive distilleries in England.
I am happy with what I have bought and look forward to making a good profit! Recommended J

The service was very good and the investment in Princetown was well thought out and presented. I would recommend...

Princetown is a great investment as far as I’m concerned and I was very happy with the service Spirit Traders provided and the final certificate of ownership from Princetown. I will be attending the opening!

I have been using this company for over a year and am pleased with their professional approach.
I have conducted my own due diligence and subsequently made some malt whisky cask purchases for which I am grateful.
Keep up the good work!

Be careful with this company as some of the things they tell you are not correct. They say they started in 2013 but the company began in Nov 2017. Companies House only have the Oct 2017 accounts filed prior to commencement and the Oct 2018 accounts have to be filed by end of this month (July 2019). The 2017 accounts obviously show no trading. The salesman will also tell you that the company has £2m of assets which is only true if you count unpaid share capital as an asset. In other words the shareholder and owner has not put a penny into the company as at Oct 2017. It gets worse because the notification of share capital issued in Sep 2017 states that £100k of this share capital had been paid and £1.9m unpaid but that is not what it shows on the accounts. I'm not saying that they are not a bona fide business but be aware and ask the question because I'm still waiting for an answer from Mr Singh.