L.a. Drinks Company Limited

La Drinks Company Ltd, based in Lurgan, UK, is a small, active company established 29 years ago. With 23 employees and £2,427,768 in assets, it’s a well-established player in the drinks industry. The company, overseen by three directors and four owners, operates from a real address and regularly imports drinks, alcohol, and vinegar—a consistent pattern over the last 13 months, with the most recent import in March 2024.

The company’s website, The Wine Company Northern Ireland, showcases a family business with a passion for wine. It offers a wide selection of wines, from red and white to Prosecco and Champagne, with a focus on direct-from-vineyard offerings and mystery wine boxes. The site also features a wine club subscription service and highlights a separate division, 1066 Pianos, specializing in high-end piano restoration—a surprising diversification from the core drinks business. The website’s blog offers wine-related content, reinforcing its expertise.

Financially, La Drinks Company Ltd presents a mixed picture. Current assets have decreased by 11%, falling to £2,400,000, while net assets have increased by 42%, reaching £1,800,000. Cash reserves have dropped by 28%, sitting at £330,000. Trade debtors have increased by 14%, reaching £1,500,000, and creditors have decreased by 61%, suggesting improved debt management. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the decrease in cash reserves could indicate tighter margins. The lack of an auditor mentioned (likely due to its small size) means the figures are unaudited.

Overall, La Drinks Company Ltd appears to be a stable, long-standing business, although the financial data suggests it may be facing some challenges. The diversification into piano restoration adds an interesting dimension to the company’s profile, but its long-term impact remains to be seen.

Registered in Northern Ireland under the registration number NI029775, with a registered address at BT66 6LN, Lurgan, 3 Silverwood Industrial Estate, Silverwood Road.

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