Sipped Ltd

Sipped Ltd from Little London UK is a small, active company founded three years ago. With just three employees and £14,809 in assets, it’s a family business operating an e-commerce site with a stellar 5.0 Google rating based on five reviews. The company, registered at a real address and overseen by three directors and two owners, specializes in glassware and drinkware, offering a curated selection of champagne glasses, gin glasses, and other stylish pieces.

The Sipped Ltd website showcases a wide range of glassware from brands like Anna von Lipa, La Rochere, and LSA International, catering to both retail and trade customers. It's clear the company focuses on quality and design, with detailed product descriptions and lifestyle imagery. The site also features a blog with articles on topics like choosing the right gin glass and preparing for Christmas, demonstrating a commitment to engaging with its audience.

Financially, Sipped Ltd’s report shows some interesting trends. Cash bank on hand increased significantly by 590% to £3,100, which is a positive sign. However, creditors rose by 21% to £25,000, and net assets decreased by 20% to -£10,000. Trade debtors also decreased by 43%, which could indicate issues with customer payments. Despite these challenges, the company's assets increased by 89% to £15,000. The company meets the criteria to be considered small, with 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.

While Sipped Ltd appears to be a well-regarded online retailer with a strong brand identity, the financial data suggests it's burning through cash. Whether this is a temporary situation due to startup costs or a more persistent challenge remains to be seen.

Registered in England/Wales under the registration number 13421094, with a registered address at RG26 5FL, United Kingdom, Little London, Tadley, Unit 4c Ash Park Business Centre, Ash Lane.

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