Polgoon Vineyard Ltd

Polgoon Vineyard Ltd, based in Penzance, UK, is a small, active company founded six years ago in 2018. Employing 21 people, it holds £369,579 in assets and operates from a real address. With two directors and two owners – Coulson John Paul and Coulson Kim Marie – it’s a family business boasting a stellar 5.0 Google rating from 172 reviews. The company irregularly imports machinery, boilers, and mechanical appliances parts, with the last import activity recorded one month ago in June 2022.

Polgoon’s website highlights its core business: producing award-winning wines, ciders, and juices from Cornish produce. Visitors can explore the vineyard via guided tours and tastings, dine at The Vinehouse Restaurant, and even purchase Christmas trees. The site also features an online shop, offering a range of products and gift vouchers. It's clear that Polgoon is focused on creating memorable experiences and showcasing the quality of Cornish agriculture.

Financially, Polgoon’s report reveals a mixed picture. While current assets increased slightly to £370,000, net assets dramatically decreased to -£49,000—a significant downturn. Bank borrowings decreased by 41%, reaching £60,000, and cash reserves fell to just £660. Creditors decreased by 11%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the sharp equity drop raises questions about its long-term sustainability. With no auditor mentioned, the figures are unaudited, relying on director-reported data.

Overall, Polgoon Vineyard Ltd seems to be navigating a challenging financial period, despite its strong brand reputation and focus on quality Cornish produce. Whether it can turn things around remains to be seen, but its commitment to family ownership and sustainable practices should serve it well.

Registered in England/Wales under the registration number 11695822, with a registered address at TR20 8TE, United Kingdom, Penzance, Cornwall, Polgoon Farmhouse Polgoon Farm, Rosehill.

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