Ffarm Vintners Limited

Ffarm Vintners Ltd, based in Llandudno, UK, is a small, active company founded 14 years ago. Employing six people, the business holds £524,053 in assets and operates from a real address. With two directors and two owners, it’s a family-run affair, supported by a thriving e-commerce site and a stellar 5.0 Google rating from 18 reviews. The company is a regular importer of drinks, alcohol, and vinegar, with 31 months of import activity recorded, the latest in November 2024.

The company’s website showcases a passion for quality wine, starting from a casual conversation between Sean Appleton-Davies and Jeremy Platt. Now supplying restaurants, hotels, and pubs across North and Mid Wales, Ffarm Vintners offers a selection of wines online, evolving as it goes. Customers can contact them by phone, email, or visit their shop, allowing for social distancing. The site also promotes a range of products, including Great Orme Gin and offers exclusive sign-ups for insider tips and special offers.

Financially, Ffarm Vintners Ltd presents a mixed picture. Current assets increased by 27% to £520,000, while net assets grew by 10% to £300,000. However, bank borrowings surged by a staggering 2,300%, reaching £40,000, and cash reserves completely vanished, dropping 100% to zero. Creditors also increased significantly, rising 71% to £220,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp increase in bank borrowings and the depletion of cash reserves are concerning. As a small company, it’s likely exempt from an audit, so the figures rely on unaudited statements. It seems like the company is burning through money, and it’s important to see if this is a temporary situation or a longer-term trend.

Registered in England/Wales under the registration number 07513190, with a registered address at LL30 1ED, Wales, Llandudno, Conwy, Unit 1 Council Street West.

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