Select Whisky Limited

Select Whisky Limited, based in London, UK, is a small, active company founded nine years ago in 2016. Employing five people, the business holds £681,024 in assets and operates from a real address on Finchley Road. With two directors and one owner, the company is a regular importer of paper and paperboard products (three months of imports) and a prolific exporter of drinks, alcohol, and vinegar (ninety-three months of exports).

The company's website, Select Scotch Whisky, is an online retailer specializing in rare and limited-edition Scotch whisky, particularly from independent bottlers. It caters to whisky enthusiasts in Australia, offering a curated selection and even providing distillery information. The site’s focus is on a premium experience, with a user-friendly interface, secure checkout, and detailed product descriptions. The company also has a blog with articles about whisky history and production methods.

Financially, Select Whisky Limited’s numbers present a mixed picture. Cash reserves have fallen by 44% to £160,000, while net assets have declined by 3% to -£61,000. Bank borrowings have been significantly reduced, dropping 69% to £3,300. Creditors have increased substantially, rising 140% to £90,000. Trade debtors have also increased, up 130% to £57,000. The decrease in average employees, down 20% to four, could indicate a period of restructuring or reduced operational intensity. The company is a small entity, meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit.

The significant increase in creditors, coupled with the decrease in cash reserves, suggests the company may be facing cash flow challenges. However, the continued export activity and the focus on a niche market indicate a potential for future growth. The company's financial statements are unaudited, so the numbers rely on management’s reporting.

Registered in England/Wales under the registration number 10115611, with a registered address at NW11 6XL, England, London, 802-804 Finchley Road.

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