FINE & RARE WINES LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2026-09-22 (in 4mo)
Last made up 2025-09-08
Watchouts
Cash
£807K
-32.9% vs 2022
Net assets
£17M
-39.1% vs 2022
Employees
110
+6.8% vs 2022
Profit before tax
-£7M
-285.9% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £80,838,000 | £78,432,000 | |
| Operating profit | -£1,924,000 | -£7,214,000 | |
| Profit before tax | -£1,942,000 | -£7,495,000 | |
| Net profit | -£1,869,000 | -£7,803,000 | |
| Cash | £1,202,000 | £807,000 | |
| Total assets less current liabilities | £34,097,000 | £24,335,000 | |
| Net assets | £28,229,000 | £17,198,000 | |
| Equity | £28,229,000 | £17,198,000 | |
| Average employees | 103 | 110 | |
| Wages | £4,667,000 | £5,542,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -2.4% | -9.2% | |
| Net margin | -2.3% | -9.9% | |
| Return on capital employed | -5.6% | -29.6% | |
| Gearing (liabilities / total assets) | 67.6% | 76.3% | |
| Current ratio | 0.89x | 0.80x | |
| Interest cover | -113.18x | -25.67x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors expect the Group to continue in operational existence for the foreseeable future based on their profit, balance sheet and cash flow projections, being a period of at least 12 months from the signing of these financial statements. After due consideration, the directors reasonably expect the company to continue in operational existence for the foreseeable future based on their revenue and cash flow projections. Thus, they continue to adopt the going concern basis in preparing these financial statements.”
Group structure
- FINE & RARE WINES LIMITED · parent
- The Rare Wine Cellar Limited 100%
- Fine & Rare Wines (Asia) Limited 100%
- Fine+Rare S.R.L. 100%
- Matma S.R.L. 100%
- RST Inc 100%
- VF Wine, Inc 100%
- Fine + Rare AG 100%
- Fine + Rare GmbH 100%
- Fine + Rare KFt. 100%
Significant events
- “The Group successfully raised capital of £5m from shareholders during a fully subscribed funding round in Q4 of 2024 as the business continues to make a significant investment it its technology.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAIRNS, Sara | Secretary | 2024-01-23 | — | — |
| AZIZ, Joshan Mustafa | Director | 2024-01-23 | Dec 1994 | British |
| COMFORT IV, William Twyman | Director | 2023-05-05 | Oct 1996 | American |
| O'CONNOR, Patrick | Director | 2016-10-04 | Feb 1977 | Irish |
| PURI, Ajit Singh | Director | 2024-10-29 | Jul 1986 | British |
| ST. PIERRE, Don | Director | 2022-10-17 | Nov 1967 | American |
| WOLFSON, Andrew Daniel | Director | 2018-01-16 | Mar 1969 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOTTOMLEY, Andrew Peter | Secretary | 2017-10-04 | 2024-01-23 |
| CUCHET, Baudouin Roger Marie | Secretary | 1996-09-24 | 2017-10-04 |
| GLEESON, Michael Gerard | Secretary | 1994-09-08 | 1996-09-24 |
| HALLMARK SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-09-08 | 1994-09-08 |
| BEDINI, Marco Carlo | Director | 1994-09-08 | 2024-10-08 |
| BOTTOMLEY, Andrew Peter | Director | 2013-06-28 | 2024-01-23 |
| COMFORT, William Twyman Iii | Director | 2017-10-04 | 2023-05-05 |
| CUCHET, Baudouin Roger Marie | Director | 1994-09-30 | 2017-10-04 |
| DACRE, Iain Campbell | Director | 2009-10-30 | 2013-11-16 |
| DACRE, Iain Campbell | Director | 2000-02-01 | 2006-09-29 |
| GLEESON, Michael Gerard | Director | 1994-09-30 | 1996-09-24 |
| GRAHAM, Jamie Ambrose Kirke | Director | 2007-04-12 | 2016-01-21 |
| KIDNEY, Alexander Nicholas | Director | 2005-10-13 | 2013-06-28 |
| LITTLER, Timothy Arthur | Director | 2002-05-07 | 2014-08-12 |
| LOVELAND, Mark Jeremy Stephen | Director | 2002-06-25 | 2012-08-16 |
| PATON, John | Director | 2021-01-01 | 2026-02-16 |
| SUMERAY, Graham Paul | Director | 2012-02-01 | 2013-07-19 |
| VALETTE, Jean-Michel | Director | 2022-10-27 | 2024-11-12 |
| HALLMARK REGISTRARS LIMITED | Corporate Nominee Director | 1994-09-08 | 1994-09-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr William Twyman Iii Comfort | Individual | Significant influence, significant-influence-or-control-as-trust | 2020-02-21 | Active |
| Mr Mark Carlo Bedini | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-02-21 |
| Mr Baudouin Roger Marie Cuchet | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-10-04 |
Filing timeline
Last 20 of 200 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-17 RESOLUTIONS Resolution
- 2023-01-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-24 | CH01 | officers | Change person director company with change date | |
| 2026-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-11 | AA | accounts | Accounts with accounts type group | |
| 2024-11-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type group | |
| 2023-10-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-17 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-14 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-3%
£80,838,000 £78,432,000
-
Cash
-32.9%
£1,202,000 £807,000
-
Net assets
-39.1%
£28,229,000 £17,198,000
-
Employees
+6.8%
103 110
-
Operating profit
-274.9%
-£1,924,000 -£7,214,000
-
Profit before tax
-285.9%
-£1,942,000 -£7,495,000
-
Wages
+18.7%
£4,667,000 £5,542,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers