Baglio Ltd

Baglio Ltd is a small, holding company registered in Leighton Buzzard, UK. Founded ten years ago in February 4th 2015, the company operates an e-commerce site and is currently active, despite having overdue accounts for the last five years and confirmation statements for four. It’s a solo-founder operation with one director and two owners, and its registered address is real, with only one other company registered there.

The company’s website, Talking Wines, is a well-established online retailer specializing in wines and spirits. It offers a wide selection, from Argentina to Uruguay, and caters to both retail and trade customers. The site boasts a "Pick of the Bunch" section featuring best-selling mixed cases, and even offers wine tastings and events. They also supply pubs, restaurants, and the licensed trade, offering free local delivery. The site’s design is clean and user-friendly, with a focus on showcasing the quality and variety of their offerings.

Financially, Baglio Ltd’s numbers present a mixed picture. Current assets have decreased by 19%, dropping to £13,000, while net assets have fallen by a significant 19%, landing at £13,000. Bank borrowings have increased by a substantial 680%, reaching £2,800, and cash reserves have plummeted 49%, settling at £280. Creditors have also risen by 200%, reaching £3,600, and other debtors have increased by 680%, reaching £2,800. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited. The increase in tax payable, rising by 1100%, to £1,300, is a particular area of concern.

While the e-commerce side appears to be thriving, the financial data suggests Baglio Ltd is facing some challenges. The sharp decline in cash reserves and the increase in debt could indicate that the company is burning through money, although the increase in debtors could also be a temporary blip. It's possible that the company is investing in growth, but the lack of employees reported means it's relying heavily on the owner's efforts.

Registered in England/Wales under the registration number 09427723, with a registered address at LU7 4SQ, England, Leighton Buzzard, Bedfordshire, Cinch Storage, Grovebury Road.

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