Sugarbird Wines Ltd

Sugarbird Wines Ltd, based in Aberdeen, UK, is a small, family-run business with an active status. Founded just four years ago in 2021, it employs thirteen people and holds £68,540 in assets. With two directors and two owners, it operates a real address and an e-commerce site, garnering a stellar 5.0 Google rating from fifty-five reviews. The company is a regular importer of drinks, alcohol, and vinegar, with recent activity recorded as of January 2025.

Sugarbird Wines’ website showcases a dual business model. Primarily, it’s a wine merchant, offering a wide selection of wines—from sparkling to red—and hosting events like wine tastings and quiz nights. It also operates two event spaces, Sugarbird Union Grove and Sugarbird in the Gardens, catering to private parties and corporate functions. The site highlights its South African wine partnerships, emphasizing quality and expertise. It's a good business.

Financially, Sugarbird Wines Ltd presents a mixed picture. While cash reserves increased by a significant 160% to £30,000, net assets plummeted 160% to -£79,000. Liabilities have increased dramatically, with creditors soaring 440% to £370,000. Bank borrowings also jumped, reaching £16,000. Despite these challenges, the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The company’s equity is in a bad place, but it’s still active. There's no auditor mentioned, so the figures are unaudited.

Overall, Sugarbird Wines Ltd appears to be navigating a difficult financial period. The company's event spaces and strong online presence suggest potential for growth, but addressing the increasing liabilities will be crucial for its long-term success.

Registered in Scotland under the registration number SC695410, with a registered address at AB15 7XE, Scotland, Aberdeen, 1 Viewfield Road.

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