Macmillan Spirits Co. Ltd

Macmillan Spirits Co. Ltd, based on the Isle of South Uist in Scotland, is a small, active company founded five years ago. With just two employees and £739,269 in assets, it operates as a solo-founded business with two directors and one owner. The company runs an e-commerce site selling its range of spirits, including Machair Gin, Molucca Rum, and Wheelhouse Single Malt. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import activity recorded two months ago.

The company’s website, Benbecula Distillery, highlights its focus on blending and bottling spirits, showcasing a range of products crafted with island ingredients. It emphasizes quality and heritage, offering a glimpse into the distilling process and the company’s commitment to Scottish craftsmanship. The website also features a blog, sales enquiries, contact information, and social media links, demonstrating a modern approach to online retail.

Financially, Macmillan Spirits Co. Ltd presents a mixed picture. While turnover increased to £20,000, net losses deepened to -£790,000. Cash reserves, however, saw a significant jump, soaring by 390% to £1,100,000. Trade debtors decreased by 71%, and creditors also fell, suggesting improved debt management. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial loss raises questions. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Macmillan Spirits Co. Ltd is navigating a period of change. The company’s financial performance suggests it’s burning through cash, but the increased cash reserves and reduced debt could indicate a strategic investment or a temporary setback. The company’s focus on premium spirits and online sales positions it well for future growth, but careful financial management will be crucial to its long-term success.

Registered in Scotland under the registration number SC649933, with a registered address at HS8 5SA, Scotland, Isle Of South Uist, Bornish House, Bornish.

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