---
title: Wine company, Cellar & Co, achieves HMRC approval
description: Cellar & Co Limited EIS advance assurance.
image: https://www.sapphirebusinessadvisers.co.uk/hubfs/Imported_Blog_Media/shutterstock_121699039-2.jpg
---

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 Boyd Carson

###### 14TH October 2026

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# Wine company, Cellar & Co, achieves HMRC approval

 Boyd Carson

###### 14TH October 2026

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> "Sapphire's help was excellent. Everything was very professionally handled." Hugo Rose, Director, Cellar & Co Limited

### Description:

Cellar & Co Limited specialises in the purchase of numerous mature and semi-mature wines, principally but not exclusively Bordeaux, where an active secondary market exists. Its sources include merchants based in Bordeaux itself, where high quality mature stock is often available direct from the producer’s cellars. Such stock, with gold-plated provenance, is in high demand in the international market and regularly carries a premium over apparently identical cases which have been in free circulation since bottling.

Acting for Cellar & Co Limited, Sapphire obtained the EIS advance assurance from HMRC and prepared the investor documents.

### Sector:

Mature and semi-mature wines.

### Classification:

EIS advance assurance.

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A short, no-obligation conversation about whether launching a fund is the right route for you, and what it would take. We can cover structure, timescales, cost and regulatory requirements. Nothing to prepare in advance.

Boyd Carson co-founded Sapphire in 2009 and has since helped launch more than 50 UK venture funds. He is an Honorary Professor of Venture Capital, teaches on Harvard University's graduate venture capital course, and holds Sapphire's FCA compliance oversight role.

![Boyd Carson](https://www.sapphirebusinessadvisers.co.uk/hs-fs/hubfs/Images%20(Old%20Portal)/Boyd%20Carson.jpeg?width=593&height=697&name=Boyd%20Carson.jpeg)

 Boyd is a co-founder of Sapphire and a leading voice in the venture capital industry, recognised for his expertise in designing, launching, and managing LP/GP, property, BR and SEIS and EIS funds. Over the past three decades, Boyd has helped future investment managers turn their ideas into successful, FCA-compliant venture capital funds. His practical, educational approach has made Sapphire a trusted partner for future fund managers building new investment vehicles and for startups seeking growth capital. When he’s not advising on fund structures or making investments in investee companies, Boyd shares his knowledge as an Honorary Professor of Practice in Venture Capital and as a faculty member at Harvard University, teaching Venture Capital.

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