Worldwide Drinks Limited

Worldwide Drinks Ltd, based in Cardiff, UK, is a small, family-run business with an active status. Founded nineteen years ago in 2006, the company employs four people and holds £456,647 in assets. It operates from a virtual address, registered at a business park shared by nineteen other companies, and is managed by two directors and two owners. The company regularly imports iron or steel products, having done so for eighteen months, and exports drinks, alcohol, and vinegar—a consistent activity spanning 520 months.

The company's website showcases Worldwide Drinks as a distributor and sales partner for beer and cider brands globally. It boasts an extensive international network and focuses on matching breweries and cider makers with the right partners. Recent news highlights the company's involvement in promoting Cornish beers and celebrating the Coronation of King Charles III with a new bottled-conditioned ale. The site also features a blog with regional UK and Irish beers, ciders, soft drinks, and spirits. Customers can contact the company via phone, email, or a contact form.

Financially, Worldwide Drinks Ltd presents a mixed picture. While cash reserves declined by 22% to £140,000, bank borrowings decreased by 41% to £17,000. Creditors also decreased by 12% to £430,000. However, equity plummeted by 83% to just £10,000—a significant drop. 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 for flexibility, but the sharp equity decline warrants attention. The company’s unaudited financial statements, likely exempt due to its small size, don’t mention an auditor.

The company’s focus on export services to the beverages industry, coupled with its family ownership and long-standing presence, suggests a stable, albeit potentially vulnerable, business model. The decrease in equity, however, indicates a need for careful financial management to ensure long-term sustainability.

Registered in England/Wales under the registration number 05670564, with a registered address at CF23 8AB, United Kingdom, Cardiff, C/O Azets, Ty Derw Lime Tree Court, Cardiff Gate Business Park.

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