Good Pair Days Ltd

Good Pair Days Ltd from London UK: a small company with an active status, was founded three years ago and employs seven people. It holds £1,618,698 in assets and generates a yearly revenue of £7,208,146. The company operates from a virtual address, has three directors, and is owned by Walenkamp Thomas Kluuk. It's a regular importer of drinks, alcohol, and vinegar, with 258 months of import activity recorded.

The company’s website, Good Pair Days, focuses on wine subscriptions tailored to individual tastes, requiring JavaScript to run. It's a modern approach to wine retail, leveraging the subscription model to build customer loyalty.

Financially, Good Pair Days Ltd presents a mixed picture. While turnover increased by a healthy 38% to £7.2 million, the company is clearly burning through cash. Current assets fell by 10% to £1.6 million, and net assets dropped 23% to -£2.3 million. Bank borrowings increased significantly, reaching £1.8 million, and cash reserves plummeted 71% to just £120,000. Creditors also rose by 61%, suggesting increased reliance on short-term financing. The company’s administrative expenses increased by 12%, and distribution costs jumped 33%, reflecting the challenges of scaling a subscription business. Despite meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the substantial losses and declining cash position are concerning. No auditor is mentioned, which is typical for companies exempt from audit as small entities.

The company’s reliance on external funding, as indicated by the significant debt, suggests it’s investing heavily in growth. Whether this strategy will pay off remains to be seen, but for now, Good Pair Days Ltd is navigating the common challenges of a rapidly expanding startup.

Registered in England/Wales under the registration number 13585473, with a registered address at W1D 4EG, United Kingdom, London, 49 Greek Street.

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