Whiskey & Wealth is a Winning Combination - Scott Sciberras | Business and Investment Blog
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Whiskey & Wealth is a Winning Combination

CEO Monthly, Scott Sciberras , October 2020

Whiskey & Wealth is a Winning Combination

CEO Monthly, Issue 10 2020

 

The history of Irish whiskey and Scotch is inextricably linked with enjoyment and wealth. Whiskey & Wealth Club was founded on a simple idea: to share this enjoyment and the potential rewards of wholesale cask whiskey ownership with clients from around the world. Founded in 2018 and driven by the passion of three friends – Jay Bradley, William Fielding and Scott Sciberras – the business has thrived. Scott’s innovative and inspiring leadership has seen him recognised as CEO of the Year, 2020 by ourselves here at CEO Monthly.

Whiskey & Wealth Club was born from a single idea: to share both returns and enjoyment from cask whiskey ownership, while supporting the growth of the Irish and Scottish whisky industries. Bringing this to fruition has called on the considerable skills of the three founders, Jay Bradley, William Fielding, and its CEO Scott Sciberras.

The opportunity stems from the whiskey making process. Initially, newly-made whiskey is simply a cost to distilleries as it needs ti sit in casks for at least three years before it can legally be called whiskey. Even after it has earned the name, he liquid also typically needs to mature for at least five to eight years for it to gain flavour. It’s a highly resource-intensive process that initially draws no income. Distilleries have typically approached this challenge using two lever: borrowing and wholesale selling. The former carries its own costs, whilst the latter is where Whiskey & Wealth Club steps in.

Challenges have been plentiful, but Scott’s passion, commitment and sheer hard graft has seen the rapidly growing company take on all tribulations – and win. One of Scott’s most important leadership achievements has been the ability to harness and focus the combined expertise of the three founders – built from a plethora of experience in the sales, finance and drinks industries – to now offer buyers the complete package of cask whiskey ownership.

Creating the Whiskey & Wealth Club family has been contingent upon forging trusted relationships with some of Ireland and Scotland’s finest distilleries to purchase premium new make cask spirit at heavily discounted rates – securing exclusive runs with distilleries. Leveraging its economies of scale, the club negotiates secure government bonded storage, comprehensive insurance; and has gained mastery of the complexity of multiple revenue jurisdictions, including the UK and Ireland, to ensure a tax compliant model.

Alongside the excellence and exclusivity of the spirit that Whiskey & Wealth Club offers to its buyers, Scott has carefully selected and nurtured an unrivalled team of wealth advisors who are trained to provide guidance on wealth strategies tailored precisely to each member’s specific needs. It’s a key differentiator.

Proud to be CEO of Whiskey & Wealth Club since November 2018, to find out more about Scott’s journey and guidance through some of the clubs most successful periods, read the full article with CEO Monthly here.