Proof Drinks Limited

Proof Drinks Ltd, based in London, UK, is a large, holding company with an active status. Established 17 years ago, in 2008, it employs 45 people and holds assets worth £10,429,340. Despite a real registered address, the company operates from a virtual address, as 86 companies are registered at the same location. The business is led by two directors and owned by five individuals, and it's described as a family business, boasting a perfect 5.0 Google rating from one review. Proof Drinks regularly imports drinks, alcohol, and vinegar (225 months) and occasionally exports them (3 months).

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce platform. However, it’s clear that Proof Drinks is a wholesale distributor of alcoholic beverages. The company owns a subsidiary, Cut Rum Limited, and is involved in importing and exporting drinks.

Financially, Proof Drinks Ltd shows a mixed picture. While bank borrowings decreased significantly by 61%, dropping to £330,000, cash reserves increased by 84%, reaching £220,000. However, net assets decreased by 78%, falling to -£1.1 million. Creditors also decreased by 5%, and administrative expenses remained constant. The company’s size (meeting two of three criteria for a large company) suggests it’s a substantial player in its industry. The company’s accounts were audited by Hardwick & Morris LLP.

The significant drop in net assets, despite increased cash reserves, is a cause for concern. It could be attributed to increased investment in inventory or expansion efforts, but it warrants further investigation. The company’s reliance on a virtual address also raises questions about its operational transparency. Overall, Proof Drinks Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 06558609, with a registered address at W1W 7LA, London, 41 Great Portland Street.

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