Armit Wines Limited

Armit Wines Ltd, a well-established company based in London, UK, has been operating for 43 years, employing 38 people. With assets totaling £11,284,190 and yearly revenue of £17,787,728, it’s considered a large company meeting two of three conditions: turnover exceeding £36 million and balance sheet total over £18 million. The company, active since its incorporation on January 27, 1982, regularly imports and exports drinks, alcohol, and vinegar—a combined 1110 months of activity. It has two directors, but no owners were reported, which is unusual. Google users rate it 4.0 out of 5 based on seven reviews.

Armit Wines operates primarily as a wholesale supplier of wine, beer, and spirits, catering to both private and commercial clients. Its website showcases an extensive portfolio of wines from various regions, including France, Italy, Spain, and the Americas, alongside high-end pianos. The site offers a range of services, including en primeur buying, wine storage, and investment advice. It even has a section dedicated to the annual portfolio tasting, a highlight for wine enthusiasts.

Financially, Armit Wines shows some concerning trends. While assets remain substantial at £11,098,000, net assets have dramatically decreased by 63% to £2,400,000. Bank borrowings have increased by 2400%, reaching £29,000, and cash reserves have fallen by 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s turnover decreased by 31%, and net losses deepened from -£10,000 to -£23,000. The lack of employees (zero reported) hints at a lean, possibly solo operation. The company's auditor is Blick Rothenberg Audit LLP. These figures, however, are unaudited. Despite these challenges, Armit Wines continues to market itself as a leading supplier, leveraging its extensive network and reputation for quality.

Registered in England/Wales under the registration number 01609571, with a registered address at W6 0LG, United Kingdom, London, The Triangle 2nd Floor, 5-17 Hammersmith Grove.

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