City Wine Collection Limited

City Wine Collection Ltd, based in London, UK, is a small, active company founded 17 years ago. With two employees and £545,284 in assets, it operates from a real address and is managed by three directors and one owner. The company regularly imports and exports drinks, alcohol, and vinegar—40 months of imports and 65 months of exports recorded.

The company’s website, City Wine Collection, showcases a curated selection of fine wines from Spain, France, and around the world. It appears to be primarily an online retailer, though currently closed for refurbishment and expected to reopen by September 2025. The site highlights en primeur access, wine accessories, and cellar management services, suggesting a focus on both sales and customer support. A separate section details wine restoration services, indicating a potential diversification into high-end restoration.

Financially, City Wine Collection Ltd’s recent performance reveals some concerning trends. Current assets have fallen by a significant 60% to £550,000, while net assets have plummeted 35% to -£28,000. Bank borrowings have decreased by 35%, and cash reserves have fallen by 42%, leaving just £7,500 on hand. Creditors have also decreased, suggesting better debt management, but the decline in equity is a worrying sign. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, indicating exemption as a small company.

Overall, City Wine Collection Ltd faces financial headwinds. While its online presence and service offerings suggest a commitment to quality and customer care, the declining asset base and negative equity raise concerns about its long-term viability. The closure for refurbishment may be a strategic move to restructure, but it also adds to the uncertainty surrounding the company’s future.

Registered in England/Wales under the registration number 06316342, with a registered address at N14 5HD, London, 133 Chase Side.

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