Bare Barrel Ltd

Bare Barrel Ltd is a small holding company based in Dorset, UK, with an active status. Founded four years ago in December 2020, it employs just two people and holds £577,974 in assets. The company operates from a real address and is led by two directors and two owners, with an e-commerce site facilitating its operations.

The company’s website, Bare Barrel, is a vibrant online store offering cocktail-making kits and accessories. It caters to a global audience, offering products in multiple currencies and shipping to various countries. The site also features a blog with cocktail recipes and articles, demonstrating a commitment to engaging with its customers. The website highlights a range of products, including Boston shakers, cobbler shakers, and silver, black, and rose gold stands, alongside a "Cocktail Blog" and "Our Story" section. It even offers a "VIP Club" for exclusive offers.

Financially, Bare Barrel Ltd shows a mixed picture. While cash bank on hand increased significantly by 130% to £340,000, creditors rose sharply by 92% to £690,000. Trade debtors decreased by 38%, suggesting a possible shift in payment terms or a reduction in outstanding invoices. Net assets liabilities increased by 29% to -£100,000, which is a concerning trend. Despite this, finished goods increased by 130% to £220,000, indicating strong sales and inventory management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size and exemption from an audit.

Overall, Bare Barrel Ltd appears to be a growing e-commerce business with a strong online presence, but the increase in liabilities and negative equity suggests it’s burning through cash. The company’s focus on cocktail culture and its global reach could be key to its future success, but careful financial management will be essential to navigate these challenges.

Registered in England/Wales under the registration number 13090358, with a registered address at BH16 6FA, United Kingdom, Dorset, Lytchett House 13 Freeland Park Wareham Road, Poole.

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