Scotch Whisky Auctions Limited

Scotch Whisky Auctions Ltd from Glasgow UK: a small, active company founded 14 years ago, employs just one person, and holds £332,958 in assets. With a real address and two directors, it’s a solo founder operation regularly importing and exporting drinks, alcohol, and vinegar – 261 months of imports and 503 months of exports recorded. The company operates as one of the UK’s biggest whisky online auction sites, holding auctions every month and boasting zero commission for sellers. It also offers free collections across the UK.

The company’s website highlights its focus on whisky auctions, with a strong emphasis on attracting both sellers and buyers. It also has a VAT number and is registered with Companies House. The site is responsive and includes links to social media platforms.

Financially, the company’s numbers show some interesting trends. Accumulated amortisation for intangible assets increased by 14%, while depreciation on property, plant, and equipment rose significantly – 35% for motor vehicles. Bank borrowings increased by a substantial 98%, reaching £120,000, and cash reserves decreased by 32% to £200,000. Creditors also decreased by 33%. Average employees jumped dramatically from one to forty-one – a big change. Despite this, net assets fell by 17%, reaching £520,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble. No auditor is mentioned, likely due to its small size.

The increased bank borrowings and decrease in cash reserves suggest the company may be investing in growth or facing some short-term cash flow challenges. The sudden increase in employees is also notable, potentially reflecting a period of expansion. While the company’s auction model and zero-commission policy are attractive, it will need to manage its finances carefully to ensure long-term sustainability.

Registered in Scotland under the registration number SC383924, with a registered address at G3 8HZ, Scotland, Glasgow, Unit C, 139 Lancefield Street.

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