Sad Meli Winery Ltd

Sad Meli Winery Ltd, based in London, UK, is a small, active company founded six years ago. With just one employee and £7,581 in assets, it’s a solo venture led by a single director and owner, Kereselidze Beka. The company enjoys a stellar 5.0 Google rating from 144 reviews, a testament to its customer service. It regularly imports drinks, alcohol, and vinegar, with seven months of import activity recorded, the latest in September 2024.

The company operates within the wholesale of wine, beer, spirits and other alcoholic beverages industries, and its website, simply titled "Sad Meli," suggests a focus on direct sales. While details are limited, the branding evokes a sense of heritage and craftsmanship, hinting at a potential connection to Georgian winemaking traditions.

Financially, Sad Meli Winery Ltd presents a mixed picture. Current assets have decreased by 14%, falling to £7,600, while net assets have declined by 4.1% to -£35,000. Bank borrowings have also decreased by 16%, reaching £36,000, and cash reserves have plummeted 93%, leaving just £380. Creditors, however, have increased by 150%, reaching £6,700, and total inventories have risen by 95%, now standing at £7,200. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant equity drop and low cash reserves suggest a company burning through money. The accounts are unaudited, likely due to the company’s small size, and no auditor is mentioned.

In short, Sad Meli Winery Ltd appears to be a small, well-reviewed business facing financial challenges. Its focus on imported beverages and its strong online presence offer potential, but managing cash flow and building equity will be crucial for its long-term success.

Registered in England/Wales under the registration number 11940963, with a registered address at E16 2AQ, England, London, 10, Grain Apartments, Flat 6 Silley Weir Promenade.

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