Angels Share Spirits Ltd

Angels Share Spirits Ltd, based in London, UK, is a small, active company founded just three years ago. With four employees and £229,978 in assets, it’s a modest operation run by two directors and a single owner. The company is a irregular importer, primarily dealing with paper and paperboard products, with just one month of import activity recorded as of August 2022.

The company’s website, angelsangelsharespirits.com, operates as an online marketplace for spirits, particularly focusing on independent bottlers. It features a wide range of whiskies, organized by price, distillery, and other criteria. The site emphasizes a curated selection and offers shipping from November 20th. It also has a newsletter for updates on the shop.

Financially, Angels Share Spirits Ltd shows a mixed picture. Current assets have decreased by 14%, falling to £230,000, while net current assets liabilities have increased by 51%, reaching -£120,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 6.1% to £27,000. Creditors have remained steady at £350,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the equity decline suggests potential financial strain. No auditor is mentioned, likely due to exemption as a small company.

The company’s focus on independent bottlers and curated selection is a niche strategy, but the financial data indicates a need for careful management. The increase in debt and decrease in cash reserves could be typical startup challenges, or it could signal a need for adjustments in the business model.

Registered in England/Wales under the registration number 13812802, with a registered address at EC4Y 1DH, England, London, 94 Fleet Street.

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