Nil's 61. Ltd

Nil’s 61. Ltd is a small, active company registered in Birmingham, UK, founded five years ago in November 2019. It’s a private limited company with a real address and employs just one person, holding £10,706 in assets. A single director and owner, Senturk Osman Nuri, manages the business, which operates an e-commerce site. The company’s activities encompass the wholesale of fruit and vegetables, retail food sales (both online and in specialised stores), and other retail sales not in stores.

The website, Nil Desperandum, is a striking operation. It’s a premium rum brand, handcrafting organic rum on the Sunshine Coast in Australia. The site offers a range of products, from core rum collections and gift packs to merchandise and distillery experiences. It's clear the business is focused on high-end branding and direct-to-consumer sales, with a strong emphasis on quality and heritage.

Financially, Nil’s 61. Ltd presents a mixed picture. While current assets increased slightly to £11,000, net assets decreased significantly to -£9,700, indicating a substantial loss. Bank borrowings increased to £26, a small amount, and cash reserves are at £4,700. Trade debtors increased by a whopping 220%, which could be a sign of delayed payments or an expansion of credit terms. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decrease in equity is a concern. There’s no mention of an auditor, which is typical for small companies.

It appears Nil’s 61. Ltd is experiencing some financial strain, but the premium rum brand seems to be a strong driver of revenue. Whether the business can sustain its growth and profitability remains to be seen, but its focus on quality and direct-to-consumer sales positions it well in a competitive market. The company seems to be doing well, but the numbers are a bit concerning.

Registered in England/Wales under the registration number 12314427, with a registered address at B32 1LN, England, Birmingham, 5 Lunt Grove, Quinton.

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