Tetbury Wines Ltd

Tetbury Wines Ltd, based in Cirencester, UK, is a small, active company founded five years ago in 2020. With three employees and £92,778 in assets, it operates from a virtual address shared by 375 other companies, a bit unusual. Four directors and two owners manage the business, which has a 5.0 Google rating based on four reviews. The company runs an e-commerce site and regularly imports drinks, alcohol, and vinegar – most recently in November 2022.

The company’s website positions Tetbury Wines as a wholesale supplier of wines and spirits to UK hospitality businesses. It offers a wide range of wines, spirits, and accessories, alongside tasting events and a monthly “Grapevine” newsletter for members. The site also highlights local producers and offers courier services for UK-wide deliveries. The business even hosts regular tasting events featuring local distilleries and vineyards, a nice touch.

Financially, Tetbury Wines Ltd shows some interesting trends. While current assets increased slightly to £93,000, net assets decreased significantly to -£3,600, a worrying sign. Bank borrowings decreased by 39% to £9,500, and cash reserves plummeted 97% to just £620. Trade creditors also increased by 330% to £29,000, suggesting the company is relying more on credit. 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 keep costs down, but the decline in equity is something to watch. No auditor is mentioned, which is common for small companies.

Overall, Tetbury Wines Ltd appears to be a well-regarded business with a strong online presence, but the financial data suggests it’s facing some challenges. Whether the company can sustain its growth and profitability remains to be seen, but its focus on local producers and customer engagement offers a solid foundation.

Registered in England/Wales under the registration number 12469819, with a registered address at GL7 1US, United Kingdom, Cirencester, Gloucestershire, Oakley House, Tetbury Road.

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