Harrogate Tipple Ltd

Harrogate Tipple Ltd from Harrogate UK: a small, active company founded nine years ago, employs nine people, and holds £96,809 in assets. It’s a family business with two directors and owners, founded by a solo entrepreneur, and operates from a real address. The company regularly imports glass and glassware (six months of imports) and exports drinks, alcohol, and vinegar (also six months).

The company’s website showcases a range of alcoholic beverages, including Harrogate Gin and Rum, alongside special edition gifts and hand sanitiser. It also offers distillery tours and gin school experiences, highlighting its location within the historic Ripley Castle Estate. The website’s design emphasizes British craftsmanship and local sourcing, with botanicals grown in the castle's gardens. It's a clear effort to build a premium brand.

Financially, Harrogate Tipple Ltd is showing some concerning trends. Current assets have fallen by a significant 54%, dropping to £97,000, and net assets have plummeted 90%, leaving just £9,900. Cash reserves are down 11%, sitting at £27,000. While creditors have decreased slightly, bank borrowings have increased, and debtors have fallen sharply. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the sharp decline in equity is a red flag. The company's accounts are abridged and unaudited, and there's no mention of an auditor.

It seems like the company may be burning through cash, though the exact reasons are unclear. The drop in debtors suggests that customers may be taking longer to pay, or perhaps sales have slowed. The company’s focus on premium products and distillery experiences could be helping to maintain brand loyalty, but the financial figures suggest a need to carefully manage expenses.

Registered in England/Wales under the registration number 10072651, with a registered address at HG3 3AY, England, Harrogate, The Distillery Main Street, Ripley.

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