The Local Wine Company Limited

The Local Wine Company Limited, based in Hyde, UK, is a small, active business established 18 years ago. With five employees and £385,843 in assets, it operates from a real address and is managed by two directors and one owner, boasting a stellar 5.0 Google rating from 14 reviews. The company regularly imports drinks, alcohol, and vinegar—five months of activity recorded, with the latest in March 2024.

The company’s core business revolves around the retail sale of beverages in specialised stores. While it’s a relatively small operation, it’s clear that The Local Wine Company is a well-regarded establishment within its community.

Financially, the company shows a mixed picture. Cash bank on hand increased by 3.4% to £120,000, while net assets decreased by 3.1% to £75,000. Trade debtors remained stable at £180,000, but creditors increased by 5.6% to £280,000—a potential area to monitor. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) keeps it nimble, but the slight decrease in equity is worth noting. There was no auditor mentioned, likely due to its small size and exemption from an audit.

Overall, The Local Wine Company Limited appears to be holding its own, but the slight decrease in equity could indicate a need for careful financial management in the coming year.

Registered in England/Wales under the registration number 05908108, with a registered address at SK14 1EE, England, Hyde, Unit 0 G/F Office Adamson Industrial Estate, Croft Street.

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