Cheers Wine Merchants Limited

Cheers Wine Merchants Limited, based in Swansea, UK, is a small, family-run business with an active status, celebrating 21 years since its founding. Employing 20 people, the company holds assets totaling £571,233 and operates from a real address in West Cross. With three directors and three owners, Cheers Wine Merchants is a well-established operation, also running a thriving e-commerce site. The company regularly imports drinks, alcohol, and vinegar, with 21 months of import activity recorded.

Cheers Wine Merchants specializes in the wholesale and retail of wine, beer, spirits, and other alcoholic beverages. Its website showcases a wide selection, from Argentinian wines to Welsh beers, with a focus on quality and variety. The site also features a "Wine Buying Trips" section, highlighting visits to vineyards in Germany, Provence, and California—demonstrating a commitment to sourcing exceptional wines. The company also offers wine club memberships and hosts wine tasting dinners, indicating a focus on customer engagement.

Financially, Cheers Wine Merchants presents a mixed picture. While current assets increased by 17% to £570,000, net assets only grew slightly to £300,000. Bank cash fell by 7.3% to £960, and trade debtors surged by 62%, which could indicate a reliance on outstanding payments. Creditors also increased by 34% to £460,000, suggesting a need for more funds. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in creditors is something to watch. The accounts are unaudited, as is common for small companies, and there is no auditor mentioned. Overall, Cheers Wine Merchants seems to be a solid, if somewhat stretched, business navigating the challenges of the drinks market.

Registered in England/Wales under the registration number 04952210, with a registered address at SA3 5NG, Wales, Swansea, 132 West Cross Lane, West Cross.

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