Bancroft Wines Limited

Bancroft Wines Ltd from London UK: a large company, active status, founded 25 years ago, employing 36 people, holding £4,371,561 in assets, and generating £15,618,098 in revenue. It operates from a real address and is led by six directors and one owner, boasting a respectable Google rating of 4.0 based on one review. The company regularly imports drinks, alcohol, and vinegar (for 1133 months), and exports similar products (for 22 months).

The company’s core business revolves around the wholesale of wine, beer, spirits, and other alcoholic beverages. It operates as a significant importer and distributor, serving both the UK market and, to a lesser extent, exporting to other regions. The company’s website, while not directly e-commerce focused, provides information about its product range and services, highlighting its commitment to quality and customer satisfaction.

Financially, Bancroft Wines Ltd shows some concerning trends. Current assets have decreased by 18%, dropping to £4,400,000, while net assets have also fallen by 14%, reaching £780,000. Bank borrowings have increased significantly, rising by 110%, to £110,000, and cash reserves have declined by 18%, to £150,000. However, creditors have decreased by 22%, suggesting improved management of short-term liabilities. The company meets the criteria to be considered large, having turnover over £36 million and balance sheet over £18 million, but the decline in cash and net assets warrants attention. The company’s auditor is Kreston Reeves LLP, and the financial statements are audited.

Overall, Bancroft Wines Ltd appears to be navigating a period of financial pressure. While its core business remains active, the decline in key financial metrics suggests a need for careful management and potentially, a re-evaluation of its strategies. The company’s long history and established position in the market, however, provide a solid foundation for future success.

Registered in England/Wales under the registration number 03829460, with a registered address at SE1 0HS, England, London, 108 Metal Box Factory 30 Great Guildford Street.

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