Saxtys Wines Limited

Saxtys Wines Ltd, based in Hereford, UK, is a small, family-run business with an active status, celebrating 18 years since its founding. The company employs 12 people and holds £1,289,099 in assets. It’s a solo-founded operation with two directors and owners, and operates an e-commerce site selling a wide range of wines, spirits, and related accessories. Regular importer of drinks, alcohol, and vinegar (5 months imported). The company has a 3.0 Google rating based on just two reviews.

The website, Secret Bottle Shop, is a comprehensive online retailer, offering a vast selection of wines, spirits, and related products. It's not just about selling; the site offers a wealth of information, pairing suggestions, and even a section dedicated to celebrity sips. The site’s layout is well-organized, with easy navigation and a range of filtering options. It’s clear the company is targeting both casual drinkers and serious connoisseurs.

Financially, Saxtys Wines Ltd shows a mixed picture. Cash reserves decreased by 61% to £94,000, while bank borrowings remained constant at £44,000. Creditors decreased by 23%, suggesting better debt management. However, net assets increased by 11% to £1,500,000, and total assets less current liabilities increased by 6.9% to £2,700,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in cash reserves is something to watch. No auditor is mentioned, likely due to its status as a small company, so the financial statements are unaudited.

Overall, Saxtys Wines Ltd seems to be a well-established online retailer, but the decrease in cash reserves suggests it's burning through money a bit faster than it’s bringing it in.

Registered in England/Wales under the registration number 06218068, with a registered address at HR4 9EA, United Kingdom, Hereford, 39 Widemarsh Street.

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