Oeno Group customers warned ‘you may not get your money back’
Customers of the Oeno Group, many who have invested thousands of pounds in fine wine, have been warned by the City of London Trading Standards that they may not get their money back, after the firm’s sister company, Oenofutures Limited stopped trading just before Christmas.
A statement from the local body responsible for enforcing legislation relating to the supply and distribution of goods and services, posted to Oeno Group’s website, noted the “complex situation” that was evolving following Oeno Group’s sister company, Oenofuture Limited – which held the majority of the group’s wine investment – ceasing operations and quietly closing its offices at the end of November.
This matters as around 80% of client’s wine is believed to be held by Oenofutures Limited, with “perhaps” 20% held in individual customer accounts “that the customer will be able to access”, the statement said. “Over the last month, efforts have been made behind the scenes to transfer as much wine as possible from Oenofuture Limited into individual customer accounts, but this has been a mammoth task and only a relatively small amount of wine has been transferred”.
The fine wine trading company was set up in 2016 and grew to comprise a number of different operations including the fine wine investment arm (OenoFuture) and OenoTrade, which connected wine investors with the private trade sector, along with boutique wine bar Oeno House. This bar at the Royal Exchange was developed to provide a unique “liquidation pathway” pathway for clients, selling stock on their behalf to customers, but it appears to have been closed since late last year.
According to Companies House, the previous sole director of OenoFutures, Michael Peter Doerr, resigned back in June 2025, with Marshall Willis Deutsch being appointed on the same date, although Companies House was only notified of this in early November 2025.
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The statement from the City of London Trading Standards also revealed that HMRC had initiated a bankruptcy petition against a Michael Peter Doerr, which was filed at the end of August 2025, and Oenofuture Limited no longer has approved status on the Alcohol Wholesaler Registration Scheme register, having lost this at October 2025, although no explanation for this is publicly available.
The last accounts for OenoFutures was filed on 28 June 2025 for the 12 months to 30 June 2024, showing stocks of 5.12m, up from £996k the previous year, debtors of £2.402million, and cash in the bank of 67,742 (down from £339,387 the previous year). At the time of filing, the amount that was due to be paid back within the next 12 months amounted to £6.280m, with £5.89m of that coming from trade creditors.
Since March last year, Trustpilot has been inundated with disgruntled Oeno customers.
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