Winecustody Ltd

Winecustody Ltd is a small, active holding company based in Northwich, UK, established eleven years ago in 2013. The company holds £474,237 in assets and operates from a virtual address – fifteen other companies share the same location, which is a bit odd. It’s managed by two directors and has one owner, though the owner list might not be exhaustive. Winecustody Ltd regularly imports and exports drinks, alcohol, and vinegar, with a history of 20 months of imports and a substantial 218 months of exports.

The company's primary activity appears to be facilitating trade through its website, WineBourse. The site focuses on connecting buyers and sellers of wine, with a clear emphasis on trade – selling your wine is a prominent feature. Users can sign in, register, and browse the exchange, with options to trade in various currencies. The site also provides information on commissions, getting started, safety, and tutorials, and even has a validation email process. It’s a straightforward platform, seemingly designed for professional wine traders rather than casual consumers.

Financially, Winecustody Ltd presents a mixed picture. While current assets increased by 68% to £470,000, equity decreased by 8.8% to -£430,000. Bank borrowings are a concern, surging by 2,400% to £29,000, and cash reserves fell 71% to just £4,100. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. Creditors also increased significantly, rising 35% to £34,000. The company’s small size—meeting two of three criteria for a small company—helps it stay agile, but the decline in equity and reliance on debt raise questions about its long-term sustainability. The lack of an auditor mentioned suggests the company is exempt from an audit, and the financial statements are unaudited. It’s a bit concerning, really.

Registered in England/Wales under the registration number 08710210, with a registered address at CW8 4EE, England, Northwich, Cheshire, St. George's Court, Winnington Avenue.

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