Veo Wines Limited

Veo Wines Limited is a small, active company based in Leeds, UK, founded four years ago in 2020. It’s a solo-founded operation with one director and owner, Buckley Matthew Lee, and employs just one person. The company holds £796 in assets and operates from a real address in York Street, Leeds, and runs an e-commerce site specializing in organic vegan wine. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The website, veowines.com, showcases a curated selection of organic and vegan wines sourced from producers across Europe and beyond. It emphasizes smaller, lesser-known producers and offers both pre-mixed cases and the option to create custom cases. The site also features a blog with articles on topics like organic wine production, vegan wine lists, and English wine—demonstrating a commitment to educating consumers and building a community around its products. The company operates in the retail sale via mail order houses or via internet industries.

Financially, Veo Wines Limited is facing some challenges. Cash bank on hand has plummeted by 55%, dropping to just £730. Net assets and liabilities have also taken a significant hit, with a 220% decrease to -£500. Trade debtors have increased by 47%, while creditors have risen slightly by 3.6%. It's not uncommon for small e-commerce businesses to experience fluctuations in cash flow, especially in their early stages. The company’s reliance on retained earnings, which have accumulated losses of -£500, suggests it may be burning through cash faster than it’s generating revenue. The lack of an auditor (likely exempt as a small company) means the financial statements are unaudited.

Despite these financial pressures, Veo Wines Limited’s focus on a niche market—organic and vegan wine—and its commitment to customer education positions it for potential growth. It's just a shame that cash is so low, but hopefully, it’s just a temporary setback.

Registered in England/Wales under the registration number 12669311, with a registered address at LS9 8AA, United Kingdom, Leeds, West Yorkshire, 80a York Street.

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