Jolly's Drinks Limited

Jolly's Drinks Ltd, based in Saltash, UK, is a small holding company with an active status, having been founded seven years ago in 2018. The company employs thirteen people and holds assets totaling £910,759. It operates from a real address and is managed by two directors and one owner, running an e-commerce site with a stellar 5.0 Google rating based on seven reviews. Jolly’s is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with the last import operation occurring in June 2023. The company manufactures soft drinks and mineral waters, with a focus on Cornish Spring Water.

The Jolly's Drinks website showcases a range of products, including soft drinks, tonics, Cornish Spring Water, and gift sets, all available for online purchase. The site emphasizes "the Cornish Way" and highlights the company's commitment to fresh ingredients and local sourcing. It also features a blog with information about sustainability and heritage, as well as a section dedicated to customer testimonials and social media links. The website is well-designed and easy to navigate, with clear product descriptions and secure payment options.

Financially, Jolly’s Drinks Ltd presents a mixed picture. Current assets decreased by 24% to £910,000, while net assets increased by 66% to £310,000. Bank borrowings decreased by 34% to £11,000, and cash reserves increased significantly by 610% to £370,000. Trade debtors decreased by 52%, suggesting improved collection practices. The company's small size—meeting two of three conditions for being classified as small—allows for flexibility, but the significant changes in bank borrowings and cash reserves warrant closer attention. As a small company, it is exempt from an audit, so the financial information is unaudited.

The company’s financial data also shows a surge in specific advances to directors, with an increase of 3,500% to £490,000. While this could be related to investment or restructuring, it’s a notable change that may require further investigation. The company's increased number of employees, from thirteen to twenty-one, may be a result of increased demand or expansion plans. Overall, Jolly’s Drinks Ltd appears to be navigating a period of change, with both positive and concerning trends emerging from its financial performance.

Registered in England/Wales under the registration number 11321627, with a registered address at PL12 6LX, United Kingdom, Saltash, Cornwall, Oak House, Forge Lane.

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