Isle Of Wight Distillery Ltd

Isle of Wight Distillery Ltd from Ryde UK is a small company, holding company, with an active status. Founded ten years ago in 2014, it employs 29 people and holds £2,824,451 in assets. It has a real address, three directors, and three owners. The company regularly imports glass and glassware (29 months imported) and exports drinks, alcohol, and vinegar (31 months exported).

The Isle of Wight Distillery operates as a distiller, rectifying, and blending spirits, crafting premium, small-batch spirits inspired by its island setting. Its website highlights a commitment to sustainability, using ethically sourced and local ingredients like Rock Samphire, Boadicea hops, and elderflower. The distillery offers a range of products, including Mermaid Gin, Mermaid Pink Gin, and Mermaid Spiced Rum, available for purchase online. The website also features a "Distillery Bar" section, showcasing its offerings and encouraging visitors to explore its range. It’s clear they are focused on ecommerce, with a mailing list signup and detailed product descriptions.

Financially, the company's recent performance presents a mixed picture. Accumulated amortisation impairment for intangible assets increased by 86%, while depreciation for property, plant, and equipment rose by 13%. Bank borrowings decreased by 37%, a positive sign, but cash reserves plummeted 78% to £81,000. Creditors decreased by 5.4%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the drop in cash reserves is concerning. The company's net assets increased by 7.8% to £1.7 million. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in bank borrowings could indicate the company is investing in its operations, or it could signal a need for additional funding. The decrease in cash reserves, however, suggests the company is burning through money faster than it’s generating it, and it’s important to monitor this trend closely.

Registered in England/Wales under the registration number 09040283, with a registered address at PO33 1PX, England, Ryde, The Wishing Well, Pondwell Hill.

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