Sip Champagnes Limited

Sip Champagnes Ltd from London UK: small company, active status, founded 4 years ago, 5 employees, £215,808 assets, real address, 4 directors, 2 owners. Irregular importer of glass and glassware (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the wholesale of wine, beer, spirits and other alcoholic beverages industries. Officially, it has two owners or PSCs, four directors, and five employees.

Sip Champagnes’ website showcases a curated selection of grower Champagnes, focusing on newly discovered and fully independent producers. It’s not an e-commerce site in the traditional sense; instead, it acts as a discovery platform, guiding customers towards a world of artisan Champagnes. The site features detailed producer profiles, exploration cases, and even educational content—a “Sip Guide to Champagne Glasses.” It seems to be more about building a brand and community around Champagne appreciation than direct sales. The website also offers a subscription service, along with gift options, and even corporate gifting solutions.

Financially, Sip Champagnes Ltd presents a mixed picture. Current assets have decreased significantly, falling by 28% to £220,000, while net assets have plummeted 48% to -£96,000. Bank borrowings remain steady at £8,900, but cash reserves have taken a substantial hit, dropping 86% to just £14,000. Creditors have also increased by 78%, reaching £350,000. The company’s small size helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s reliance on irregular imports, with only one month of activity recorded in May 2023, suggests a niche sourcing strategy. While this can allow for unique offerings, it also introduces logistical challenges and potential supply chain vulnerabilities. The significant decrease in cash reserves, coupled with the increase in creditors, indicates that Sip Champagnes Ltd may be facing financial pressures and is burning through money.

Registered in England/Wales under the registration number 12664906, with a registered address at W1B 5AW, England, London, 48 48 Warwick Street.

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