When In Rome Wine Ltd

When In Rome Wine Ltd from Birmingham UK: a small, active company founded nine years ago, employs six people, and operates from a real address. It’s led by two directors, though there are no reported owners, which is fairly common for smaller firms. The company regularly imports drinks, alcohol, and vinegar – a solid 70 months of activity – and occasionally exports paper and paperboard products, with just one month of export activity recorded.

The company’s website showcases a range of Italian wines in innovative formats like paper bottles and cans, emphasizing sustainability and a “PlanetFriendly” approach. It’s positioned as the UK’s leading alternative format wine producer, targeting consumers seeking a more sociable, healthy, and environmentally conscious drinking experience. The website also details a physical location in Stroud, Gloucestershire, and a focus on award-winning craft wines.

Financially, When In Rome Wine Ltd presents a mixed picture. While cash reserves have skyrocketed to an impressive £120,000, a significant increase of 51,000%, net assets have decreased by 34% to -£410,000. Creditors have risen by 46%, and trade debtors have increased by a substantial 220%. Depreciation on computer equipment has also increased, but plant machinery has seen a sharp decrease. The company meets the criteria for being a small company, with turnover under £10.2 million and fewer than 50 employees. As a small entity, the accounts are unaudited, relying on director-reported data.

The company’s substantial increase in cash reserves suggests a successful fundraising round or improved cash flow management, but the decrease in net assets and increase in creditors indicate potential financial strain. The rapid growth in trade debtors may signal challenges in collecting payments, or perhaps a deliberate strategy to offer extended credit terms to customers. Overall, While In Rome Wine Ltd seems to be growing, it’s important to monitor its ability to manage its debts and maintain profitability in the long term.

Registered in England/Wales under the registration number 09711556, with a registered address at B1 1RD, England, Birmingham, C/O Spaces, Level One, The Mailbox, 3 Wharfside Street.

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