Courageous Spirits Limited

Courageous Spirits Ltd from Glasgow UK is a small holding company with an active status, founded six years ago in 2018. It employs five people and holds £802,006 in assets, operating from a real address at 121 Lancefield Street. The company is led by one director and owned by Courageous Property Co Ltd. It regularly imports glass and glassware (three months of import activity, latest in December 2024) and exports drinks, alcohol, and vinegar (twelve months of export activity, latest in January 2025).

The company’s website showcases a portfolio of spirits brands, including Glaswegin Premium Gin and King’s Inch Single Malt Whisky, emphasizing Scottish craftsmanship and a modern approach. It also features a piano restoration division, 1066 Pianos, operating from Cambridge with a showroom in Harrods—a surprising and prestigious diversification. The website highlights a commitment to quality, design, and innovation, targeting both domestic and international markets.

Financially, Courageous Spirits Ltd presents a mixed picture. While fixed assets remain steady, cash reserves have tripled to £120,000, a positive sign. However, net assets have significantly worsened, dropping 92% to -£320,000, a worrying trend. Bank borrowings have also increased, and creditors have risen, suggesting potential cash flow pressures. The company’s small size (meeting two of three conditions for a small company) provides flexibility, but the declining equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

It seems the company is facing some challenges, but the addition of the piano business could provide a new revenue stream. It’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Registered in Scotland under the registration number SC603621, with a registered address at G3 8HZ, Scotland, Glasgow, 121 Lancefield Street.

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