Elite Wine And Whisky Ltd

Elite Wine And Whisky Ltd, based in London, UK, is a small holding company with an active status. Founded twelve years ago in 2012, it employs eight people and holds £6,551,006 in assets. The company operates from a virtual address—twenty-one companies registered at the same location—and is managed by two directors and two owners. It’s a regular importer, primarily of clothing and accessories made by knitting or crocheting, with three months of import activity recorded, the last in July 2024.

The company’s website is not available, so it’s difficult to determine the exact nature of its operations beyond its import activities. However, its description indicates it operates in the financial intermediation not elsewhere classified industries. This suggests a role in facilitating financial transactions, potentially acting as a holding company for investments or providing financial services.

Financially, Elite Wine And Whisky Ltd presents a mixed picture. While current assets increased by 110% to £6,600,000, other key metrics show concerning trends. Cash reserves plummeted 85% to just £260,000, and net losses deepened considerably. Bank borrowings surged, and trade debtors ballooned by 1,100%, suggesting potential issues with customer payments or an expansion of credit terms. Creditors also increased significantly, and fixed assets grew by a remarkable 1,500%, potentially reflecting investments in equipment or property. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

In short, Elite Wine And Whisky Ltd appears to be experiencing a period of rapid change. While asset growth is positive, the sharp decline in cash reserves and the increase in debt raise concerns about its financial health. Whether the company can successfully navigate these challenges remains to be seen.

Registered in England/Wales under the registration number 08121327, with a registered address at SW1W 0DH, England, London, 8-10 Grosvenor Gardens.

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