Loki Wines Ltd

Loki Wines Ltd is a small, holding company based in Birmingham, UK, with an active status. Founded thirteen years ago in 2011, the company employs ten people and holds assets totaling £525,704. It operates from a virtual address, registered at a location shared by 130 other companies, and is led by one director and one owner. The business runs an e-commerce site and regularly imports drinks, alcohol, and vinegar, with the latest import activity recorded three months ago.

The company’s website, lokiwine.com, showcases a diverse selection of wines from around the world, alongside spirits and a range of events like wine tastings and corporate bookings. It operates multiple venues including Loki Wine Knowle, Loki Wine Edgbaston, and Loki Wine GWA Birmingham City Centre, offering both retail and bar services. The site also highlights a commitment to quality, with a “most awarded wine shop” designation and a focus on specially selected wines from over 20 countries.

Financially, Loki Wines Ltd demonstrates a mixed picture. Creditors decreased by 17% to £480,000, suggesting better debt management, while bank borrowings increased by 34% to £13,000. Cash reserves grew by 41% to £5,300. Net assets increased by 18% to £120,000, a positive sign. However, the company’s average number of employees decreased by 10% to nine. The business is classified as small, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited.

Overall, Loki Wines Ltd appears to be navigating a competitive market, leveraging its multiple venues and online presence to drive sales. The financial data suggests a stable, if not spectacular, performance, and the company's small size allows for agility—though the decrease in employees is something to keep an eye on.

Registered in England/Wales under the registration number 07656103, with a registered address at B3 1PX, England, Birmingham, West Midlands, 59-61 Charlotte Street St Pauls Square.

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