Taste Of Georgia Limited

Taste Of Georgia Limited, based in West Wickham, UK, is a small, active company founded seven years ago in 2017. With two employees and £88,148 in assets, it operates as a family business with a dedicated e-commerce site. The company has two directors and two owners, and its registered address is real, with only one other company registered at the same location. It’s a regular importer, specializing in drinks, alcohol, and vinegar, with 20 months of import activity recorded, the latest in November 2024. The company operates in the wholesale of wine, beer, spirits and other alcoholic beverages industries.

The company's website, Taste of Georgia, showcases a range of Georgian products, including wines, cheeses, and traditional sweets, catering to the UK market. It emphasizes authentic Georgian flavors and aims to bring a taste of Georgia to British consumers. While the website is functional, it could benefit from more engaging content and improved visuals to enhance the online shopping experience.

Financially, Taste Of Georgia Limited presents a mixed picture. Current assets decreased by 7.8% to £88,000, while net assets increased by 95% to £9,500. Bank borrowings decreased by 25% to £24,000, and cash reserves fell 65% to £2,100. Creditors decreased by 25% to £24,000, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the drop in cash reserves is a cause for concern. The company's accounts were prepared in accordance with FRS 102 and were unaudited.

The increase in net assets is a positive sign, but the decline in cash reserves could indicate that the company is burning through money. The decrease in bank borrowings is also a positive sign, but it could also mean that the company is relying more on credit. The company’s financial health will depend on its ability to manage its cash flow and increase its sales.

Registered in England/Wales under the registration number 10793052, with a registered address at BR4 0EF, England, West Wickham, 113 The Avenue.

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