Braeside Industries Ltd

Braeside Industries Ltd, based in Stratford Upon Avon, UK, is a small, active company founded six years ago. With two employees and £32,181 in assets, it operates from a virtual address, a fact highlighted by the presence of thirty-one other companies registered at the same location. The company is a family business, run by two directors and two owners, and is a regular importer of vehicles, parts, and accessories – a trend that has continued for the last nine months.

The company's website, infobraesidebond.co.uk, reveals a specialized focus: whisky cask warehousing and related services. It’s a far cry from the company’s mixed farming, retail, and repair activities listed in the official filings. Braeside Bond provides expert bonded warehousing in the heart of the Lowlands of Scotland, assisting clients with sourcing spirits, storing them, and managing their maturation. The website emphasizes a premium service, catering to whisky enthusiasts and investors.

Financially, Braeside Industries Ltd’s numbers paint a complex picture. Current assets have decreased by 26%, falling to £32,000, while net assets have plummeted 560%, ending at -£15,000. Creditors have also increased significantly, rising by 59% to £140,000. Bank borrowings are up by a staggering 2,400%, reaching £29,000. Despite these challenges, trade debtors have decreased by 78%, suggesting improved collection efforts. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, indicating an exemption for small companies.

The shift from a broader range of activities to a specialized whisky warehousing business may be a strategic move to capitalize on the growing demand for premium whisky investments. However, the significant financial pressures—particularly the decline in equity—suggest the company is burning through money. It is likely that the company is facing some difficulties.

Registered in England/Wales under the registration number 11530765, with a registered address at CV37 9NP, England, Stratford Upon Avon, Warwickshire, 13 The Courtyard Timothys Bridge Road.

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