Progression Wines Ltd

Progression Wines Ltd from Brighton UK: small company, active status, founded 2 years ago, £21,617 assets, real address, 2 directors, 2 owners. Regular importer of drinks, alcohol, and vinegar (16 months imported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of wine, beer, spirits and other alcoholic beverages industries. Officially, it has two owners or PSCs, two directors and no number of employees published.

Progression Wines’ website showcases a focus on small-scale wines with unique stories and passionate growers. The site is well-designed, with clear navigation through Producers, Shop, and About Us sections. It positions itself as a UK-based importer, emphasizing a curated selection of wines. The site also highlights its commitment to quality, privacy, and terms of service. It’s clear they’re aiming for a premium feel, focusing on storytelling and provenance rather than mass-market appeal. The website gives a good impression of what they do, but it's not clear if they are selling directly to consumers or primarily operating as a wholesaler.

Financially, Progression Wines Ltd presents a mixed picture. While the company holds £21,617 in assets, net assets are negative at -£5,100, indicating accumulated losses. Cash reserves are stable at £8,100, but creditors remain steady at £27,000. Trade debtors are also consistent at £3,600. The lack of employees (zero reported) suggests a lean operation, and the company’s small size helps it stay agile. The fact that there is no auditor mentioned is not unusual for a small company. The company's equity has been decreasing, which is concerning. It seems like they're burning through cash, but it's not clear if this is a temporary situation or a longer-term trend.

Registered in England/Wales under the registration number 14339448, with a registered address at BN1 6FE, England, Brighton, 98 Stanford Avenue.

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