Worsley Fine Wines Ltd

Worsley Fine Wines Ltd, based in Manchester, UK, is a small, active company founded seven years ago. It’s a family-run operation employing just one person and holding £2,878 in assets. The company operates an e-commerce site and is registered at a real address with one director and one owner, Woodworth Richard.

The website, worsleyfinewines.co.uk, showcases a range of wines and spirits, focusing on Spanish, French, and Italian varieties. It offers quick view options and a selection of products like Veiga da Princesa Albario and Ginja Ninja Orange Wine. The site emphasizes high-quality wines from smaller vineyards, handpicked and sourced from across the world. It also highlights local delivery in branded packaging and a commitment to customer service.

Financially, Worsley Fine Wines Ltd is showing some concerning trends. While turnover increased by 15% to £35,000, profits plummeted by 83% to just £300. Cash reserves are down 310% to a mere £90, and operating profit has decreased significantly. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the sharp decline in profits and cash reserves is a red flag. Administrative expenses rose by 24%, and distribution costs increased by a whopping 42%, potentially squeezing margins. Trade creditors have also increased by 72%, suggesting the company is relying more on credit from suppliers. There's no auditor mentioned, so the figures are unaudited.

It seems Worsley Fine Wines Ltd is facing some financial headwinds, despite a growing turnover. Whether it can maintain its growth trajectory and profitability remains to be seen—but it’s certainly a business to watch.

Registered in England/Wales under the registration number 11129614, with a registered address at M27 0FX, England, Manchester, 34 Catherine Road, Swinton.

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