Soma Wines Limited

Soma Wines Limited, based in Mildenhall, UK, is a small, family-run business with an active status. Founded three years ago in January 2022, the company holds £20,339 in assets and operates from a virtual address – a fact highlighted by the presence of 450 other companies registered at the same location. Run by a single director and two owners (though the full ownership list isn's exhaustive), Soma Wines Limited is an irregular importer, primarily dealing in drinks, alcohol, and vinegar, with just two months of import activity recorded as of September 2022.

The company’s website, SOMA Wines, is currently offline, stating "Opening Soon" and encouraging visitors to stay tuned for updates. This suggests a temporary closure or a planned relaunch, with the site powered by an unspecified platform. The website's focus is clearly e-commerce, with a password-protected login hinting at a membership or wholesale model.

Financially, Soma Wines Limited presents a mixed picture. Current assets have decreased by 35% to £20,000, while net assets have fallen 63% to -£49,000 – a significant drop. Cash reserves have also declined substantially, falling 75% to just £1,000. Creditors have increased by 13% to £70,000, and trade debtors have decreased by 67% to £380. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, relying on unaudited accounts. The company operates in the wholesale of wine, beer, spirits and other alcoholic beverages, the retail sale of beverages in specialised stores industries.

While the company is small and family-run, the decline in equity and cash reserves suggests it’s burning through money. The temporary website closure could be a strategic move to restructure or secure funding, or it could be a sign of deeper financial challenges. The lack of employees (zero reported) suggests a lean operation, but the increasing creditors indicate a reliance on credit.

Registered in England/Wales under the registration number 13869585, with a registered address at IP28 7DE, United Kingdom, Mildenhall, Suffolk, Unit A, 82 James Carter Road.

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