Sell My Wine Ltd

Sell My Wine Ltd, based in London, UK, is a small, active company established eight years ago in 2016. It operates with a lean team of three employees and holds assets totaling £897,399. The company, with two directors and two owners, is a regular importer and exporter of drinks, alcohol, and vinegar, with 68 months of import activity and 134 months of export activity. Its registered address is real, with only one other company registered at the same location.

The company’s website showcases a unique business model: facilitating the sale of surplus fine wines. Unlike traditional auction houses or brokers, Sell My Wine offers a cash buy price and fast turnaround times, aiming to provide sellers with liquidity quickly. It specializes in Bordeaux, Burgundy, and Champagne, sourcing wines from around the world and catering to both private collectors and institutional buyers. The website also lists wines for sale, offering a selection of fine wines to buyers.

Financially, Sell My Wine Ltd shows some concerning trends. Cash bank on hand plummeted 75% to £120,000, while bank borrowings increased by 44% to £12,000. Creditors also increased, with short-term creditors rising by 48%. However, there are some positives; trade debtors decreased by 13%, suggesting better collection of payments. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the significant drop in cash reserves raises questions about its financial health. The unaudited figures, with no auditor mentioned, rely on director-reported data.

Despite these financial pressures, Sell My Wine Ltd continues to operate as a niche player in the fine wine market, providing a service that fills a gap in the industry. It’s a company that’s clearly betting on its expertise and relationships to weather the storm.

Registered in England/Wales under the registration number 10471671, with a registered address at SW1P 2QE, England, London, 1 Stockton Court Greycoat Street, Westminster.

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