Blind Taste Ltd

Blind Taste Ltd from Nantwich UK is a small company with an active status, founded five years ago. It employs two people and holds £46,185 in assets, operating from a real address. The company has two directors and two owners. It operates in the wholesale of wine, beer, spirits and other alcoholic beverages, retail sale via mail order houses or via internet, and event catering activities.

The company’s website doesn’t provide much detail about its online presence, suggesting a primarily business-to-business model or reliance on offline sales channels. There's no obvious e-commerce functionality, and the focus seems to be on wholesale and event catering rather than direct-to-consumer retail.

Financially, Blind Taste Ltd presents a mixed picture. While current assets increased slightly to £46,000, net assets decreased significantly to -£67,000. Cash bank on hand has fallen by 61% to just £720, which is a concerning trend. Creditors have risen by 44% to £110,000, and trade debtors have increased dramatically by 250% to £2,000, indicating potential issues with collecting payments. The company's property, plant, and equipment has also seen a 61% decrease. Despite these challenges, the company has managed to reduce its accumulated depreciation impairment by 59%. It’s a small company, meeting two of three conditions for classification: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

The significant decrease in equity, coupled with rising debt, suggests Blind Taste Ltd is burning through cash. While the company's core business seems to be functioning, the financial data reveals a need for careful management and potentially a review of its operational expenses. The fact that the company has two directors and two owners, but no employees, is a bit unusual and could indicate a lean management structure or a reliance on external contractors.

Registered in England/Wales under the registration number 12529227, with a registered address at CW5 7PL, England, Nantwich, Birchall Moss Cottage Birchall Moss Bridgemere Lane, Hatherton.

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