Kal Wine Source Uk Ltd

Kal Wine Source Uk Ltd is a small, active company based in London, UK, founded fourteen years ago in 2010. It employs seven people and holds assets totaling £1,291,909. The company operates from a virtual address, registered with sixty-four other companies, and is managed by a single director, with no owners officially reported. It’s a regular importer and exporter of drinks, alcohol, and vinegar, with 363 months of import activity and 338 months of export activity recorded.

The company’s website, winesourcestore.com, showcases a curated selection of fine wines, emphasizing exclusive access and a focus on grower champagne and unique bottles. It operates as an e-commerce business, offering a range of wines categorized by region, style, and vintage. The site also features a news section highlighting industry events and producer profiles, and a blog with articles about wine appreciation. The company even has a phone number to call for advice.

Financially, Kal Wine Source Uk Ltd presents a mixed picture. Current assets have decreased by 35% to £1,300,000, while net assets have fallen by 18% to -£2,000,000. Bank borrowings have significantly reduced by 97% to £15, and cash reserves have dropped 46% to £30,000. Creditors have decreased by 38%, suggesting improved financial management. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decline in equity raises concerns. The unaudited figures, with no auditor mentioned, rely on director-reported data.

The company’s trend of decreasing assets and increasing liabilities suggests it may be burning through cash. The reliance on creditors to manage operations could be a sign of financial strain, but the decrease in bank borrowings indicates a conscious effort to reduce debt. It’s possible the company is investing in inventory or marketing to drive sales, but the long-term sustainability of this strategy remains to be seen.

Registered in England/Wales under the registration number 07459012, with a registered address at SW1Y 4BP, United Kingdom, London, 6th Floor Kings House, 9-10 Haymarket.

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