Seckford Wines Limited

Seckford Wines Limited, based in Woodbridge, UK, is a large company operating as a holding company with an active status. Established 39 years ago in 1985, it employs 22 people and holds assets totaling £7,543,062. The company has a real address and is overseen by four directors and one owner. It runs an e-commerce site and boasts a Google rating of 5.0 based on four reviews. Seckford Wines regularly imports and exports drinks, alcohol, and vinegar—with 243 months of import activity and 1148 months of export activity recorded.

The company’s website, salesseckfordwines.co.uk, highlights its focus on fine wine dealing and storage. It offers a range of services, including buying, selling, and storing wine, as well as providing investment opportunities. The site showcases a wide selection of wines from various regions, including Bordeaux, Burgundy, and Italy, and caters to both individual collectors and commercial clients. The website also features a news section with recent offers and a detailed wine list available for download.

Financially, Seckford Wines Limited presents a mixed picture. Current assets have decreased by 11% to £7,500,000, while net assets have increased by a substantial 8.4% to £6,300,000. Bank borrowings have increased significantly by 73%, reaching £2,200,000, and cash reserves have fallen by 58% to £1,000,000. Trade debtors have increased by 25%, suggesting a need to manage customer payments more effectively. Despite these challenges, the company’s creditors decreased by 43%, which is a positive sign. The company meets the criteria for a large company, having a turnover over £36 million and a balance sheet total over £18 million. The company’s accounts were audited by Ensors Accountants LLP.

The company’s focus on fine wine and its established presence in the market suggest a strong foundation. However, the decrease in cash reserves and the increase in bank borrowings warrant close monitoring. It seems that the company is expanding its operations, but it needs to carefully manage its finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 01924614, with a registered address at IP12 1PE, United Kingdom, Woodbridge, Suffolk, Dock Lane, Melton.

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