Free Spirits Ltd

Free Spirits Ltd, based in Newick, Lewes, UK, is a small, family-run business with an active status. Established 21 years ago, the company employs 11 people and holds £318,226 in assets. It operates as an e-commerce site, regularly importing ceramic products—the latest shipment arriving in November 2023—and is overseen by three directors and two owners.

The company’s website, Free Spirits, focuses on non-alcoholic spirits and cocktails. It offers a range of alcohol-free alternatives to popular spirits like tequila, bourbon, and gin, alongside ready-to-drink non-alcoholic cocktail bundles and individual cocktails. The site emphasizes the ability to enjoy exciting, delicious cocktails without the next-day consequences, positioning itself as a premium brand catering to health-conscious consumers. It also highlights the inclusion of B vitamins in its products, aiming to elevate the social experience.

Financially, Free Spirits Ltd presents a mixed picture. While cash reserves increased by a solid 34% to £97,000, net assets decreased by 4.5% to £320,000. Creditors have surged dramatically, increasing by 110% to £360,000—a significant jump. Trade debtors also rose sharply, increasing by 180% to £31,000. The company’s small size (meeting two of three conditions for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) allows for agility, but the increase in debt warrants attention. No auditor is mentioned, consistent with its status as a small, exempt company. The company’s focus on high-quality, non-alcoholic beverages appears to be driving sales, but managing its growing liabilities will be key to its long-term success.

Registered in England/Wales under the registration number 05003969, with a registered address at BN8 4JJ, Newick Lewes, East Sussex, Southerden, Fletching Common.

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