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Two Drifters Distillery Ltd

11357680

active
Private Limited Company
Companies House
Health Score
64 / 100

Some Concerns

30/30
Filing
0/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

TWO DRIFTERS DISTILLERY LTD UNIT 5 SKYWAYS BUSINESS PARK, EXETER, EX5 2UL
Incorporated 11/05/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

11010
Distilling, rectifying and blending of spirits

Officers

Mrs Gemma Clare Wakeham

director · Since 11/05/2018

SOCIAL MEDIA MANAGER

BRITISH · ENGLAND · Age 43

Also on 2 other boards

Mr Russell Jon Wakeham

director · Since 11/05/2018

SCIENTIST

BRITISH · ENGLAND · Age 43

Also on 2 other boards

Persons with Significant Control

Mrs Gemma Clare Wakeham

25–50% shares

British · England · Age 43

Two Drifters Distillery Ltd, Unit 5 Skyways Business Park, Exeter, EX5 2UL

Notified 09/11/2020

Mr Russell Jon Wakeham

25–50% shares

British · England · Age 43

Two Drifters Distillery Ltd, Unit 5 Skyways Business Park, Exeter, EX5 2UL

Notified 09/11/2020

Charges3 outstanding

Charge
outstanding

SWIF - DEBT AREA A LP ACTING BY ITS GENERAL PARTNER FSE SWIF DEBT GP LIMITED

Created 25/11/2025Registered 26/11/2025
Charge
outstanding

TIME INVOICE FINANCE LIMITED

Created 14/09/2023Registered 15/09/2023
Charge
outstanding

HSBC UK BANK PLC

Created 28/03/2022Registered 29/03/2022

CompanyRankvs 617+ SIC 11010 peers
30

Financial strength4th percentile among SIC peers · 1/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.28× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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617Two Drifters Distillery Ltd
40
How is this score calculated?
Financial strength1/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/05/2025

Net Worth

-£296k

Balance sheet strength

Cash

£186

Cash in the bank

Net Current Assets

-£298k

Working capital

Current Assets

£119k

Current Liabilities

£417k

Fixed Assets

£34k

Debtors

£6k

5avg. employees

Balance Sheet

Bank loans & overdrafts£20k
Assets less current liabilities-£265k
Prepared with Caseware UK (AP4) 2025.0.111

EstimatesDerived

YearCurrent RatioImplied Profit
20250.28+£0
20250.28-£54k
20240.30-£283k
20231.35+£281k
20220.25-£316k
20211.06+£93k
20200.65-£4k
20190.15—

Derived from filed accounts. Not audited figures.