Pegasus Spirits Limited

Pegasus Spirits Limited, based in London UK, is a small, active company founded six years ago in 2018. The business holds £48,330 in assets and operates from a real address in New Eltham. With one director and owner, Teixeira Rui Cesar, at the helm, Pegasus Spirits is a relatively small operation. It’s an irregular importer, primarily dealing in drinks, alcohol, and vinegar, with just one month of import activity recorded back in June 2022. The company’s website suggests a focus on representing premium spirits, wines, and liqueurs, building relationships with wholesalers and bartenders.

Pegasus Spirits positions itself as a brand-building company for premium spirits, wines, and liqueurs, aiming to nurture and develop existing and new brands within the drinks trade. It seems to have established business partnerships, allowing it to “hit the ground running” despite the challenging market conditions. The company operates in the management consultancy activities other than financial management industries.

Financially, Pegasus Spirits shows some concerning trends. Current assets have decreased by 10% to £48,000, while net assets have plummeted 190% to -£29,000. Bank borrowings have decreased by 15% to £50,000, and cash reserves have completely vanished. Creditors have increased significantly, by 26%, and other debtors have decreased by 74%. Losses have deepened by 170% to -£9,200. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's exempt from an audit, so these figures are unaudited.

It’s clear that Pegasus Spirits is facing financial pressures, despite its established partnerships and focus on premium brands. The sharp decline in equity and cash reserves suggests the company is burning through money, and it’s important to monitor its performance closely.

Registered in England/Wales under the registration number 11638783, with a registered address at SE9 2BJ, England, London, 77 Avery Hill Road, New Eltham.

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