Cult Wines Limited
06350591
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/02/2014
ENTREPRENEUR
BRITISH · ENGLAND · Age 69
Also on 1 other board
Persons with Significant Control
Mr Philip Gearing
British · England · Age 69
Clockwork Building, Beavor Lane, London, W6 9AR
Notified 06/04/2016
Mr Thomas Gearing
British · England · Age 38
Clockwork Building, Beavor Lane, London, W6 9AR
Notified 06/04/2016
Charges4 outstanding
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CompanyRankvs 3595+ SIC 46342 peers13
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
assumptions such as the rate of cash collection and payments might heighten the need for further cash injection in the business, and could therefore indicate a material uncertainty with regard to going concern. The Directors have undertaken a detailed assessment of the Group’s ability to continue as a going concern. This assessment considered the Group’s financial performance during 2024, prev
Key FinancialsYear ending 31/12/2024
Net Worth
-£21.6M
Balance sheet strength
Cash
£574k
Cash in the bank
Net Current Assets
-£2.7M
Working capital
Current Assets
£24.3M
Current Liabilities
—
Fixed Assets
£3.4M
Debtors
£6.2M
Cost of Sales
£26.9M
Admin Expenses
£11.3M
Profit After Tax
-£4.8M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | — | +£0 |
| 2023 | 0.83 | — |
| 2022 | 0.71 | — |
Derived from filed accounts. Not audited figures.