Citywide Drinks Ltd

Citywide Drinks Ltd from London UK is a small company with an active status, founded two years ago. It boasts £631 in assets, operates from a virtual address, and is led by one director and owner, who is also the solo founder. The business runs an e-commerce site selling wine, beer, spirits, and related items.

The company's website showcases a wide variety of alcoholic beverages, from spirits and wines to beers and ciders, alongside snacks and mixers. It highlights a focus on premium selections and caters to both individual consumers and those hosting events. The site’s design is clean and easy to navigate, with clear product categories and a user-friendly checkout process. It also offers free delivery on orders over £99 and emphasizes being over 18.

Financially, Citywide Drinks Ltd presents a picture of a very small operation. Current assets are reported at just £630, and net assets are a negative £1,400. Cash reserves are a modest £520, and the company has £1800 in loans from directors. The business has no employees. The accounts are unaudited and described as "filleted," meaning they’re exempt from a full audit due to the company’s size. While the company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the negative equity suggests it’s operating at a loss. The increase in creditors suggests the company may be relying on credit to keep running.

It’s likely the business is still in its early stages, navigating the challenges of establishing an e-commerce presence in a competitive market. The virtual address, shared by many other companies, is common for startups looking to minimize overhead costs.

Registered in England/Wales under the registration number 14515736, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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