The Grand Whisky Auction Limited

The Grand Whisky Auction Ltd, based in Inverness, UK, is a small, active company founded six years ago. With nine employees and £757,701 in assets, it operates from a real address and is overseen by two directors and two owners. The company regularly imports drinks, alcohol, and vinegar (20 months) and exports them (218 months), showcasing a robust trade flow.

The company’s core business revolves around online whisky auctions, as evidenced by its website. It facilitates the buying and selling of whisky online, offering live and past auctions, and even provides a bespoke sales service. The site highlights a commitment to maximizing seller prices and emphasizes a global marketing reach. It also features a section on whisky collection valuations and a subscription service for auction updates. The website clearly positions The Grand Whisky Auction Ltd as a platform connecting whisky enthusiasts and sellers worldwide.

Financially, The Grand Whisky Auction Ltd presents a mixed picture. Accumulated depreciation and impairment of property, plant, and equipment increased by 63%, while cash bank on hand dropped by a significant 56% to £440,000. Directors' advances decreased, but repayments surged by 540%, suggesting a shift in financial management. The average number of employees jumped by 120%, reaching 20, which is a big change. Creditors also decreased by 74%, and current assets fell by 54%. Although the company is small, meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees, the decline in assets and cash reserves warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, The Grand Whisky Auction Ltd appears to be navigating a period of change, with growth in staffing and a shift in financial flows. Whether these changes will translate into sustained profitability remains to be seen.

Registered in Scotland under the registration number SC612333, with a registered address at IV2 3HT, Scotland, Inverness, The Cellar, Old Edinburgh Road.

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