# THE ONLY WAY IS LTD (12338550)

> THE ONLY WAY IS LTD is an active private limited company (company number 12338550) incorporated on 28 November 2019, registered in Ashford. Its registered activity is distilling, rectifying and blending of spirits (SIC 11010). Latest micro accounts cover the period ending 30 November 2025, showing net assets of −£109k, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets rose 4% on the prior period (−£114k). Across the last 3 periods on record the net-asset trend is volatile.

- Status: Active
- Incorporated: 2019-11-28
- Registered office: Ashford, TN26 1NL
- SIC 11010: Distilling, rectifying and blending of spirits
- SIC 46342: Wholesale of wine, beer, spirits and other alcoholic beverages
- Next accounts due: 2027-08-30
- Confirmation statement due: 2026-12-12
- Accounts type: MICRO ENTITY

By net assets it sits in the bottom quarter of 1,463 comparable companies in the UK (median £2, upper quartile £12k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-11-30 | −£109k | — | — | £155k | — | — | 1 |
| 2024-11-30 | −£114k | — | — | £171k | — | — | -4 |
| 2023-11-30 | −£73k | — | — | £165k | — | — | -2 |

current ratio 0.17; net assets trend volatile; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-109,413 at 30 November 2025
- Current assets below creditors within one year: Current ratio 0.17
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 28 November 2019

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mrs Nicola Jane Mendes — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2019-11-28

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/12338550
HTML: https://firmoscan.com/company/12338550-the-only-way-is-ltd