Andes Trading Limited

Andes Trading Limited is a small, active company based in Hartlepool, UK, established eighteen years ago in 2007. With £61,215 in assets and a real address, it’s a family business run by two directors and two owners. The company operates in the wholesale of wine, beer, spirits and other alcoholic beverages industries, and has been an irregular importer of drinks, alcohol, and vinegar for a short period – just two months, with the last import operation occurring in November 2017.

The company’s website is non-existent, so it’s difficult to ascertain whether they operate an e-commerce platform or rely solely on wholesale channels. Without a website, it’s impossible to know if they are actively engaging in online sales or if their business is entirely B2B.

Financially, Andes Trading Limited presents a mixed picture. While current assets increased slightly to £61,000, net assets remained at -£110,000, indicating accumulated losses. Cash bank on hand saw a significant increase of 84% to £130, but trade debtors decreased by 46%, suggesting a need to focus on collecting outstanding payments. Creditors also increased by 6.3%, reaching £160,000, and bank borrowings have risen, which could be a concern. Despite these challenges, the company’s small size – meeting two of three conditions for being classified as small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) – allows for agility. The absence of an auditor mentioned (likely exempt due to its size) means the figures are unaudited.

Overall, Andes Trading Limited appears to be navigating a challenging financial landscape, with losses continuing to accumulate. The company’s focus on wholesale and its family-run nature suggest a traditional business model, but its future success will depend on its ability to improve profitability and manage its debts.

Registered in England/Wales under the registration number 06149860, with a registered address at TS24 7DN, England, Hartlepool, Cleveland, Exchange Building, 66 Church Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.