Traditional European Quality Spirits Ltd

Traditional European Quality Spirits Ltd from Warwick UK is a small, active company founded four years ago. It holds just £8,869 in assets and operates from a virtual address shared by many other businesses. The company, run by a solo founder and two directors, is an irregular importer of drinks, alcohol, and vinegar, with just one month of import activity recorded as of June 2023. It’s a private limited company with one owner, Prinz Thomas, and two directors, Goodwille Ltd and Klocker Simon.

The company’s website, Quality Spirits International, positions itself as the world’s number one private label Scotch whisky supplier, serving customers in over 70 countries. Beyond Scotch, it offers a range of spirits including Irish whiskey, gin, and bourbon. The site highlights its expertise in bringing quality spirits to life for customers and partners, offering private label development support and a diverse range of award-winning brands. The business also appears to be involved in the wholesale of wine, beer, spirits, and other alcoholic beverages.

Financially, Traditional European Quality Spirits Ltd is showing some concerning trends. Cash bank on hand has fallen by 41%, dropping to just £230, while net assets have plunged 74% to -£34,000. Trade creditors have risen sharply by 47%, reaching £43,000, and bank borrowings have increased significantly. Despite this, debtors have decreased by 48%, suggesting improved collection of payments. The company's small size—meeting two of three criteria for a small company—helps it remain agile, but the decline in equity is a cause for concern. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Though the company is operating at a loss, the directors have a reasonable expectation that it will continue to have access to adequate resources. The director's letter of support from its immediate parent company states that they will support the company should it not be in a position to meet any repayment obligations.

Registered in England/Wales under the registration number 13277065, with a registered address at CV34 4HL, United Kingdom, Warwick, 1 Chapel Street.

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