Spiced Wine Company Limited

Spiced Wine Company Limited, based in Derby, UK, is a small, family-run business with an active status, having been founded 14 years ago in 2010. The company employs four people and holds £504,647 in assets. It operates from a real address and is managed by two directors and two owners. The company is a irregular importer, with its top import category being Machinery, boilers, and mechanical appliances; parts, totaling 2 months of imports. The last import operation was conducted on October 01, 2022.

The company’s website focuses on wholesale mulled wine and related products, catering to the winter season. It offers spiced mulled wine, cider, and hot spirits in 20-litre containers, with various ABV levels. Alongside the drinks themselves, Spiced Wine Company also offers mulled wine dispensers and heaters, suggesting a focus on providing a complete warming drinks solution for outdoor events. The website’s design is straightforward, with a tab-based menu guiding visitors through the product range, resources, and contact information. It’s clear that the business operates primarily as a B2B wholesaler, not a direct-to-consumer retailer.

Financially, Spiced Wine Company Limited shows a mixed picture. Current assets increased by 17%, reaching £500,000, while net assets grew by 16%, reaching £520,000. Bank cash reserves saw a significant boost, increasing by 36% to £350,000. However, trade debtors also rose considerably, increasing by 200% to £31,000, which could indicate challenges in collecting payments. Creditors also increased by 19%, reaching £69,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors warrants attention. With no auditor mentioned, the financial statements are unaudited.

Overall, Spiced Wine Company Limited appears to be financially stable, with healthy asset growth and increased cash reserves. However, the rise in outstanding debts should be monitored to ensure continued financial health. It’s likely that the company’s seasonal nature contributes to fluctuations in its financial performance, and the company seems to be doing well.

Registered in England/Wales under the registration number 07348869, with a registered address at DE23 6FD, Derby, 80 Elms Avenue, Littleover.

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