Elegant Wines Limited

Elegant Wines Ltd, based in Romsey, UK, is a small, active company established eleven years ago in 2013. With five employees and £271,623 in assets, it’s a modest operation run by a single director and owner, Gray Lucy. The company boasts a stellar 5.0 Google rating from three reviews, indicating high customer satisfaction. It’s a regular importer of drinks, alcohol, and vinegar, with recent activity recorded as of June 2023.

The company operates in the other food services industries, focusing on wine wholesale and import. Its registered address is real, with only one other company registered at the same location. The company’s website isn’t available to analyze, so it’s difficult to determine if it operates an e-commerce platform.

Financially, Elegant Wines Ltd shows a mixed picture. Cash reserves have increased significantly, jumping 230% to £12,000. However, creditors have risen dramatically, increasing by 98% to £63,000. Net assets have seen a substantial jump, increasing by 2900% to £45,000. Bank borrowings have also increased, rising by 91% to £33,000. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the increase in creditors suggests a need for careful cash flow management. The company is exempt from an audit as a small company, so the financial information is unaudited.

While the company’s Google rating suggests strong customer relationships, the financial data indicates a need to monitor debt levels. The increase in net assets is a positive sign, but the company should focus on managing its creditors to ensure long-term financial health.

Registered in England/Wales under the registration number 08704956, with a registered address at SO51 0AJ, England, Romsey, Hants, Unit 6 Grove Business Park, Budds Lane.

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