Bowes Wine Ltd.

Bowes Wine Ltd from Devizes, UK, is a small, active company founded 23 years ago. With just three employees and £85,550 in assets, it’s a solo-founded operation led by three directors and a single owner. The company operates from a virtual address, which is a little odd, as thirty-eight other companies are registered there. It’s a regular importer of drinks, alcohol, and vinegar, having imported for five months, and a regular exporter, having exported for thirty-four months.

Bowes Wine Ltd’s website showcases a sophisticated online wine merchant. It’s clearly an e-commerce business, offering a vast selection of wines from around the world, categorized by grape variety, country, color, style, and price. The site features detailed tasting notes, wine videos, and even a “Wine Locator” to help customers find specific bottles. There’s also a blog with articles on topics like Iberian brilliance and mature anniversary Nebbiolo, suggesting a passion for wine education and a desire to engage with customers. It’s a well-designed site, with a focus on user experience and a modern aesthetic.

Financially, Bowes Wine Ltd presents a mixed picture. Current assets have decreased by 6.8% to £86,000, while cash reserves have increased significantly by 520% to £9,700. However, net assets have decreased by 1.2% to -£340,000, and bank borrowings have remained steady at £39,000. Trade debtors have decreased by 18%, which is a good sign, but creditors have remained consistent at £420,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, with no auditor mentioned, rely on director-reported data.

The significant decrease in equity is a bit concerning, but the increased cash reserves suggest the company may be managing its finances more effectively. It’s likely that the company is burning through money like a startup, but the strong online presence and focus on high-quality wines could help it turn things around. The company’s reliance on a virtual address is a little unusual, but it doesn’t necessarily indicate any problems.

Registered in England/Wales under the registration number 04351048, with a registered address at SN10 1HT, United Kingdom, Devizes, Wiltshire, 17 The Market Place.

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