Cask Spirits Global Limited has been wound up at the High Court in London following an Insolvency Service investigation into a whisky cask investment operation, the service announced on 27 August 2026. Of 17 customers it identified who paid a total of £97,249, only four held valid ownership documentation. The service said true losses could be higher because the company failed to provide 27 of 29 requested accounting documents.

Customers were targeted through social media advertising and cold-calling, with promises of substantial returns and tax advantages. Some received certificates for casks that did not exist, or that named warehouses with no relationship to the company. One customer promised returns of 120-150% was told his cask was in a Scottish bonded warehouse, which denied any connection when he checked. The company traded as “Cask Spirits Ltd”, though no such company existed at Companies House, and listed two London addresses where investigators found no verified presence.

Mark George, Chief Investigator at the Insolvency Service, said the company caused harm to customers who invested in good faith and still appeared active despite claiming to have stopped trading. The company ceased contact with customers around March 2025 but attempted to open a new bonded warehouse account the following month. The Official Receiver has been appointed liquidator.