Winware Ltd

Winware Ltd is a small, active company based in Littlehampton, UK, founded eleven years ago in 2014. With two employees and £113,123 in assets, it operates from a real address at the Riverside Industrial Estate. The company, owned and directed by Morgan William John and Halford Daniel Michael, runs an e-commerce site specializing in glassware, wine racks, and related accessories. It’s an irregular importer of aluminum and aluminum products, with just one month of import activity recorded as of October 2020.

The company’s website, Wineware, caters to both home consumers and trade customers, offering a wide range of products from wine glasses and decanters to bespoke wine storage solutions. It also features a dedicated section for branded merchandise and offers a range of services, including wine tasting accessories and glassware cleaning products. The site's design is clean and user-friendly, showcasing a vast selection of brands and styles.

Financially, Winware Ltd presents a mixed picture. Cash bank on hand has fallen significantly by 83%, dropping to £4,800, while current assets have increased by 49% to £110,000. Creditors have risen by 66% to £120,000, and finished goods have increased by a substantial 230% to £70,000. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the increase in creditors suggests a need for careful cash flow management. The company’s directors remuneration remained stable at £12,000. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

It’s clear Winware Ltd is navigating a period of change. The growth in inventory and increased reliance on credit could be signs of expansion, but also potential risks. The company's continued focus on its niche market and online presence will be key to its long-term success.

Registered in England/Wales under the registration number 08964987, with a registered address at BN17 5DF, England, Littlehampton, Unit U3 Riverside Industrial Estate, Bridge Road.

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