Drinkwithsasha Ltd

Drinkwithsasha Ltd, a small, active company based in London, UK, was founded five years ago in May 2019. The company, which operates an e-commerce site, currently holds £106,203 in assets and has a Google rating of 4.0 based on 13 reviews. It’s a solo-founded operation run by a single director and owner, Lhermillier Gregoire Pascal. The registered address is a virtual one, shared by thirty-three other companies, which is a bit unusual.

Drinkwithsasha Ltd specializes in the retail sale of alcoholic beverages via the internet, offering a curated selection of tequilas, gins, rums, and more. The website showcases a range of premium spirits, including rare whiskies and mezcals, alongside a “Sasha’s Diary” blog featuring cocktail recipes and tasting notes. It’s clear they’re aiming for a sophisticated, experience-driven brand, with a focus on discovery and expert advice. The site also promotes “fast next day delivery” and offers concierge services, suggesting a commitment to customer service.

However, a closer look at the financials reveals some concerning trends. While the company is small, meeting two of three criteria for a small company, its net assets have plummeted by a staggering 84%, now sitting at -£66,000. Cash reserves have also vanished, falling 900% to just £1,000. Bank borrowings have increased by 120%, reaching £48,000, and trade debtors are down 28%, which could indicate payment issues. The company’s current assets have also dropped significantly, 40%. There’s no auditor mentioned, likely due to its small size, so the figures are unaudited.

In short, Drinkwithsasha Ltd appears to be burning through cash despite its strong online presence and positive customer reviews. The company’s reliance on a single owner and director, combined with the negative equity, suggests a precarious financial situation. Whether the company can turn things around will depend on its ability to manage its expenses and generate sustainable revenue.

Registered in England/Wales under the registration number 11990612, with a registered address at NW9 8TZ, England, London, Jubilee House, Townsend Lane.

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