Thirsty Brands Ltd

Thirsty Brands Ltd, based in Loughton, UK, is a small, active company founded nine years ago. With two employees and £139,380 in assets, it operates from a virtual address, managed by one director and owner. The company regularly imports glass and glassware, with three months of import activity recorded, the last being in June 2023. It’s a private limited company with a real registered address and a handful of other companies registered at the same location, which is a bit unusual.

The company’s website is non-existent, making it difficult to ascertain its exact operations beyond what's stated in the report. However, the company operates in the wholesale of wine, beer, spirits and other alcoholic beverages industries.

Financially, Thirsty Brands Ltd presents a mixed picture. Cash reserves increased by a substantial 110% to £12,000, a positive sign. However, bank borrowings increased, with an overdraft of £3,000 now reported, a notable change from zero previously. Debtors remained consistent at £76,000, and creditors decreased slightly to £35,000. Plant and machinery saw a growth of 210%, with a gross cost of £3,100. Equity dropped by 8.9% to £17,000, and net assets also declined to £17,000. The company’s small size—meeting two of three criteria for being small—helps it remain flexible, but the decrease in equity is something to keep an eye on. The company is exempt from an audit, so the figures are unaudited.

Overall, Thirsty Brands Ltd appears to be navigating a period of change. The increase in cash is encouraging, but the rise in bank borrowings and decrease in equity suggest it’s burning through money a little faster than it’s bringing it in.

Registered in England/Wales under the registration number 09781801, with a registered address at IG10 3TS, England, Loughton, 310d Ew, Sterling House Langston Road.

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