Coravin Uk Ltd

Coravin Uk Ltd from Ipswich UK is a large, active company founded three years ago. Despite having only five employees and a virtual address (registered at a location with eighty other companies), it operates as a regular importer of machinery, boilers, and mechanical appliances, parts, with 17 months of import activity recorded as of November 2024. The company's directors are Krupinski David Bronislaw, Birketts Secretaries Ltd, and Yeomans Richard Spencer, though the director list changed a year ago. Notably, there are no reported owners, likely one of the directors.

Coravin UK operates in the retail sale via mail order houses or via internet industries. Its website showcases a premium wine preservation system, offering various models and accessories, alongside educational content and a strong emphasis on customer service. The site clearly targets wine enthusiasts and professionals, promoting the brand as a way to enjoy wine by the glass without waste. It's an e-commerce platform, allowing customers to purchase directly from the website.

Financially, Coravin UK Ltd’s recent report reveals a mixed picture. While bank borrowings increased by 1,000% to £530,000, trade debtors also jumped by 250% to £630,000. Cash reserves, however, declined by 86% to £89,000. Creditors decreased by 16% to £1,200,000. The company’s net assets are at -£210,000. Despite these challenges, the company’s turnover remains above £36 million and its balance sheet total is above £18 million, qualifying it as a large company. The lack of an auditor is consistent with its status as a small company.

The company’s financial trends suggest it’s facing liquidity pressures, possibly due to increased customer payments or expansion of credit terms. However, its strong brand recognition and focus on premium wine preservation could help it navigate these challenges.

Registered in England/Wales under the registration number 13410309, with a registered address at IP1 1QJ, England, Ipswich, Suffolk, Providence House, 141-145 Princes Street.

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