Promotion Wine Limited

Promotion Wine Ltd, from Essex UK, is a small, active company founded 22 years ago in 2003. With just four employees and £227,800 in assets, it's a solo-founded operation led by a single director and owner. The company operates from a virtual address – 55 other companies are registered at the same location – and describes itself as an irregular importer, having imported drinks, alcohol, and vinegar for just two months, with the last import activity recorded in June 2022.

The company’s website showcases a focus on wine merchants and private clients. It offers a range of services, including wine list design, consultation, and personal concierge. The site highlights a curated selection of wines, spirits, and even piano restoration services through its subsidiary, Cellar Classics Limited. It’s clear that Promotion Wine Ltd is aiming to provide a personalized service to both trade and private customers, helping them explore a variety of wines and spirits.

Financially, Promotion Wine Ltd presents a mixed picture. Current assets have decreased by 17% to £230,000, while net assets have fallen by 4.6% to £62,000. Bank borrowings have been reduced by 34%, a positive sign, but cash reserves have also dropped by 40% to £56,000. Creditors have decreased by 21%, suggesting better debt management. The company's small size—meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—helps it remain flexible. The lack of an auditor mentioned (likely exempt as a small company) means the figures are based on unaudited statements.

In short, Promotion Wine Ltd appears to be navigating a period of financial adjustment. While the company’s focus on personalized service and curated selection is appealing, the decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 04714032, with a registered address at CM2 0AW, Essex, 146 New London Road, Chelmsford.

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