Plonk Bottles Ltd

Plonk Bottles Ltd is a small, family-run business based in London, UK, with an active trading status. Founded four years ago in 2020, the company employs just two people and holds £3,555 in assets. Operating from a virtual address (where 111 other companies are registered), it’s led by two directors and two owners, Patrick Lynsey and Patrick Neale. The business runs an e-commerce site selling insulated wine bottles and related gifts, with a focus on stylish designs and convenient cooling solutions. It’s an irregular importer, bringing in miscellaneous manufactured goods, with its last import operation recorded way back in April 2021.

The company’s website, Plonk Bottles, showcases a range of pink, green, and black insulated wine bottles, emphasizing their ability to keep wine chilled anytime, anywhere. The site tells the story of the founders, ex-professional rugby player Paddy and his wife Lynsey, who were frustrated by drinking wine at the wrong temperature. They’re clearly targeting a gift-giving market, with a jute bag option and a focus on sustainable packaging.

Financially, Plonk Bottles Ltd is showing some concerning trends. Cash reserves have plummeted 58%, dropping to just £2,300, while current assets have halved to £3,600. Net assets are down 19%, sitting at -£4,600. While creditors have also decreased by 28%, suggesting better debt management, the significant drop in cash and the negative equity are worrying. Borrowings to related parties have also decreased, but remain at £8,200. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, which is typical for a small, exempt company.

Overall, Plonk Bottles Ltd appears to be struggling to maintain financial stability. While its e-commerce site presents a polished image and a clear product offering, the underlying financials suggest the business is burning through money. Whether the founders can turn things around remains to be seen—but for now, Plonk Bottles Ltd is facing a challenging period.

Registered in England/Wales under the registration number 12840924, with a registered address at SE3 0RB, England, London, 9 Hare & Billet Road.

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