Wine Not Italy Store Ltd

Wine Not Italy Store Ltd, based in Derby, UK, is a small, active company founded three years ago in 2022. It’s a solo-founded operation with one director and owner, operating an e-commerce site specializing in award-winning Italian wines. The company’s registered address is real, with only one other company registered there.

The online store, Wine Not Italy, showcases a curated selection of Italian wines, with a focus on award-winning varieties. The site offers fast delivery, secure payments, and a range of courses and gift cards. It also features testimonials from satisfied customers, highlighting the quality of the wines and the efficiency of the service. The company’s website clearly shows a focus on online retail, with detailed product descriptions, high-quality images, and a user-friendly shopping experience. It’s a very modern online presence.

Financially, Wine Not Italy Store Ltd shows a mixed picture. Net assets have increased dramatically, jumping 1600% to £1700, while net current assets have risen to £1600. However, creditors have also increased by 43%, reaching £1900. Prepayments and accrued income have seen a substantial increase of 160%, now at £3500. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the increase in creditors suggests a need to manage cash flow carefully. There’s no mention of an auditor, which is typical for a small, exempt company.

Overall, Wine Not Italy Store Ltd appears to be a promising e-commerce venture, but it's important to monitor its financial health closely. The company's focus on quality products and excellent customer service, combined with its modern online presence, positions it well for future growth—although, it’s important to keep an eye on those rising creditor numbers.

Registered in England/Wales under the registration number 13827005, with a registered address at DE23 6DD, England, Derby, 9 Garden Lodge Close.

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