Il Tastevin Ltd

Il Tastevin Ltd, a small, active company based in London, UK, was founded eight years ago in January 2017. With just one employee and £49,321 in assets, it’s a solo founder operation managed by a single director and two owners. The company operates in the wholesale of wine, beer, spirits, and other alcoholic beverages, as well as retail sales via mail order and internet, and other food services. It’s a real address, with only two other companies registered there.

The company’s website, while not detailed, highlights its focus on alcoholic beverages and food services. It doesn't appear to be a full-fledged e-commerce site, but rather a point of contact for wholesale and retail inquiries. The lack of a robust online presence suggests a more traditional business model, relying on direct sales and partnerships.

Financially, Il Tastevin Ltd presents a mixed picture. While current assets increased slightly to £49,000, net assets actually decreased to -£57, indicating accumulated losses. Bank borrowings fell by 30% to £2,900, which is good, but cash on hand only increased a little to £3,100. Creditors decreased by 30% to £2,900, and trade debtors increased significantly by 220% to £1,400. Equity has taken a big hit, dropping 110% to -£160. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to the small size of the company.

Overall, Il Tastevin Ltd seems to be facing some financial challenges, with losses accumulating and equity declining. However, the decrease in creditors and increase in debtors suggest that the company is managing its short-term liabilities, and the increase in cash on hand is a positive sign. The company’s niche focus on alcoholic beverages and food services could provide a stable revenue stream, but it will need to address its losses to ensure long-term sustainability.

Registered in England/Wales under the registration number 10546698, with a registered address at SW6 6HU, United Kingdom, London, 396 Fulham Palace Road.

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