Well Known Brands Limited

Well Known Brands Limited, based in Leigh-On-Sea, UK, is a small, active company founded eight years ago. With four employees and £141,388 in assets, it's a solo-founded venture led by a single director and owner. The company enjoys a perfect 5.0 Google rating based on one review and is a regular importer of drinks, alcohol, and vinegar, with 15 months of import activity recorded, the last in December 1st, 2024.

The company operates in the wholesale of wine, beer, spirits and other alcoholic beverages, the retail sale via mail order houses or via internet industries. Its website, currently suspended, indicates a potential issue with its online presence.

Financially, Well Known Brands Limited presents a mixed picture. While current assets increased by 18% to £140,000, net assets plummeted 130% to -£150,000—a significant drop. Bank borrowings decreased by -9.5% to £26,000, and cash reserves fell 36% to £16,000. Creditors increased by 54% to £290,000, and loans from directors surged to £37,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) helps it stay nimble, but the sharp equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's significant losses and reliance on borrowed funds suggest it's burning through money, a common challenge for startups. The suspended website adds another layer of uncertainty, potentially impacting sales and customer engagement. The fact that the director's list was changed five months ago could indicate a restructuring effort, but the overall financial situation warrants close monitoring.

Registered in England/Wales under the registration number 10525673, with a registered address at N13 4BS, England, London, 483 Green Lanes.

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