Cenimex Ltd

Cenimex Ltd, based in London, UK, is a small, active company founded nine years ago in 2015. It holds just £9,245 in assets and operates from a virtual address, a detail that’s a little odd considering 28,636 other companies share the same space. The company is run by two directors and two owners, and it has an e-commerce site. Cenimex is an irregular importer, mainly dealing in drinks, alcohol, and vinegar, with just one month of import activity recorded back in 2018.

The company's website, Georgian Wine Club, showcases a curated selection of Georgian wines, with a focus on red, white, sparkling, and orange varieties. It's a well-designed site, complete with a blog and social media links, and it’s clearly aimed at wine enthusiasts. The site also highlights the company’s commitment to traditional Georgian winemaking techniques, like using qvevri vessels. It seems the company is doing well, with a showroom even in Harrods.

Financially, Cenimex Ltd’s picture is a little complicated. Current assets have fallen by 23%, dropping to £9,200, and net assets are down a hefty 31%, now at -£15,000. Bank borrowings have decreased by 27%, which is a positive sign, but cash reserves have plummeted 82%, leaving just £460. Trade creditors have increased by 3.3%, and finished goods have decreased by 8.9%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and less than 50 employees. There’s no mention of an auditor, which is typical for a small, exempt company.

Overall, Cenimex Ltd seems to be navigating some financial challenges, despite its appealing e-commerce site and focus on a niche market. The decrease in cash reserves and the negative equity are concerning, but the decrease in bank borrowings suggests some improvement in debt management. It’s a small company, and it’s probably holding steady, but the financial figures raise questions about its long-term viability.

Registered in England/Wales under the registration number 09864155, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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