Sovereign Wines Ltd

Sovereign Wines Ltd, based in Plymouth, UK, is a small, active company established 21 years ago. With 18 employees and £374,052 in assets, it operates as a family-run business supplying quality wines to the ontrade throughout the South West. The company, led by two directors and a solo founder, maintains a real address and runs an e-commerce site, enjoying a stellar 5.0 Google rating from 30 reviews. It’s a regular importer, with its top category being drinks, alcohol, and vinegar, having imported for 29 months, the last operation made in February 2025.

The company’s website highlights its dedication to providing exceptional wine experiences and personalized service to hotels, restaurants, and pubs in the region. They offer a wide selection of over 900 wines from around the world, and even provide services like staff training and wine list curation. They also offer tastings and have a sales team that can pop along to showcase their wines.

Financially, Sovereign Wines Ltd presents a mixed picture. While current assets increased by 10% to £370,000, net assets only rose by 5.9% to £170,000. Bank borrowings decreased by 26% to £73,000, but cash reserves plummeted 77% to just £10,000. Trade debtors have increased substantially by 110%, which could indicate a shift in payment terms or increased sales. The company’s small size—meeting two of three criteria for being considered small—allows for agility, but the sharp decline in cash reserves is a cause for concern. With no auditor mentioned, the accounts are unaudited.

The company’s reliance on imports and its fluctuating cash position suggest it’s navigating a challenging market. However, its strong customer reviews and commitment to service indicate a resilient business with potential for continued success, despite the financial pressures.

Registered in England/Wales under the registration number 04789235, with a registered address at PL3 4DT, United Kingdom, Plymouth, Devon, C/O Beverston Accountants, 3 Stoke Damerel Business Centre, 5 Church Street.

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