Sip Wines Ltd

Sip Wines Ltd is a small, active company based in London, UK, founded four years ago in 2021. It’s a solo-founded operation with one director and owner, operating an e-commerce site specializing in artisanal and minimal intervention wines. The company holds £28,147 in assets and has a real registered address.

The website, Sip Wines, is a curated online shop offering a wide range of wines from around the world, categorized by type, grape, country, and producer. It features a visually appealing design, detailed product descriptions, and a blog with articles about natural wine and producers. The site also offers unicorn packages, mixed cases, candles, and even gift cards. It’s clear they’re targeting a niche market of wine enthusiasts interested in unique, sustainably produced wines. They also offer a personal sommelier service.

Financially, Sip Wines Ltd shows some interesting trends. Cash bank on hand increased by 19% to £1,200, which is good news. However, net assets decreased by 260% to £7,500, a significant drop. Trade debtors increased by 240%, suggesting they’re extending credit to customers. Creditors also rose substantially, up 1200% to £54, and taxation social security payable increased dramatically. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decrease in equity raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Sip Wines Ltd appears to be a small e-commerce business with a dedicated following, but the recent financial figures suggest they might be burning through cash. Whether this is a temporary setback or a longer-term challenge remains to be seen, but their focus on unique wines and personalized service could help them weather the storm.

Registered in England/Wales under the registration number 13273960, with a registered address at E3 4BP, England, London, Apartment 104 Coombe House 17 Knapp Road.

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