I Ciacca Ltd

I Ciacca Ltd from Glasgow UK: small company, active status, founded 12 years ago, 3 employees, yearly revenue: £10,971, virtual address, 3 directors, 1 owner. Irregular importer of drinks, alcohol, and vinegar (2 months imported).

I Ciacca Ltd is a small, active company based in Glasgow, UK, that's been operating for a dozen years. With just three employees and a yearly revenue of £10,971, it’s a modest operation. The company’s registered address is a virtual one, a red flag, as 121 other companies share the same address. It's led by three directors and owned by Di Ciacca Cesidio. The company imports drinks, alcohol, and vinegar, though its import activity is irregular, with just two months of imports recorded as of November 2022.

The company’s website paints a picture of a business with diverse interests. While it operates as an importer and seller of wine, its associated website, 1066 Pianos, reveals a different venture: high-end piano restoration. Founded in 1975 and now celebrating its 50th anniversary, the piano division operates from Cambridge and even has a showroom in Harrods, London. The company prides itself on museum-grade restorations, self-play system integrations, and disaster recovery for damaged pianos. Despite the shared "I Ciacca" branding, it’s unclear how closely the two businesses are linked, but both emphasize family ownership and British craftsmanship.

Financially, I Ciacca Ltd is showing some concerning trends. Bank cash has fallen significantly, dropping 52% to just £1,700. Net assets have also taken a hit, plummeting 37% to -£22,000. The company's turnover has decreased by 27%, dropping to £11,000. Despite this, creditors have decreased by 3.8%, suggesting a slight improvement in debt management. The company’s small size—meeting two of three criteria for being classified as small—helps it stay agile, but the sharp equity drop raises questions. The company's accounts are unaudited, relying on director-reported data.

In short, I Ciacca Ltd is facing financial pressures. The piano arm, meanwhile, thrives on prestige and heritage—a contrast to the more modest import operations. Whether the two can sustain each other long-term remains to be seen, and it's not clear if the virtual address is a sign of trouble.

Registered in Scotland under the registration number SC440268, with a registered address at G2 2ND, Scotland, Glasgow, C/O Johnston Carmichael, 227 West George Street.

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