Portobello Gifts Limited

Portobello Gifts Limited, a small, active company based in London, UK, has been operating for 28 years. Founded in 1996, it employs two people and holds assets valued at £183,961. The company, with a real registered address and two directors, runs an e-commerce site and occasionally imports and exports miscellaneous metal items, with the last activity recorded over four years ago.

The company’s website, Portobello Road Distillery, is a fascinating blend of retail and education. It sells gin and related products, but its core offering is "The Ginstitute," an immersive experience where visitors learn about gin’s history and even create their own bespoke bottle. The distillery, nestled above a 19th-century drinking establishment on Portobello Road, has evolved from a small educational venture into a globally recognized destination for gin enthusiasts. The website highlights its premium products, including the Portobello Road Gin and its distillery tours, and even offers a "whiskey thing" for those interested in exploring other spirits.

Financially, Portobello Gifts Limited shows a mixed picture. Current assets have decreased by 17%, falling to £180,000, while bank borrowings have dropped by 34%, now at £24,000. Cash reserves have also declined by 52%, sitting at £13,000. However, creditors have decreased significantly, by 78%, suggesting improved debt management. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Despite this, the drop in equity, from £140,000 to £150,000, is noticeable. The company’s financial statements are unaudited, as it is exempt from an audit due to its size.

While the distillery’s unique experience and premium products seem to be driving sales, the financial data suggests it’s facing some challenges. Whether the company can maintain its momentum and profitability remains to be seen.

Registered in England/Wales under the registration number 03256579, with a registered address at W11 3DL, London, Greater London, Portobello Gift Shop 80 Portobello Road, Notting Hill Gate.

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