{"name":"COMPASS SUPPLY SOLUTIONS LIMITED","company_number":"03176107","status":"Active","type":"Private Limited Company","incorporated":"1996-03-21","dissolved":null,"registered_office":"Unit 3 Crompton Way, Segensworth West, Fareham, Hampshire, England, PO15 5SS","postcode":"PO15 5SS","sic_codes":[{"code":46342,"description":"Wholesale of wine, beer, spirits and other alcoholic beverages"}],"principal_activity":"logistics.","previous_names":[{"name":"COMPASS TRADING (UK) LIMITED","changed_on":"2006-04-05"},{"name":"COMPASS CLOTHING COMPANY LIMITED","changed_on":"1996-11-29"},{"name":"LONGMORE TRADING COMPANY LIMITED","changed_on":"1996-04-24"}],"warnings":[],"accounts":{"category":"Medium","year_end":"31 March","last_made_up_to":"2024-10-31","next_due":"2026-12-31"},"employees":{"count":37,"accounts_date":"2024-10-31"},"financials":[{"financial_date":"2024-10-31","turnover":11699150,"profit_loss":-1326783,"net_assets":1629239,"cash":8770,"average_employees":37},{"financial_date":"2023-10-31","turnover":13505763,"profit_loss":442936,"net_assets":2956022,"cash":0,"average_employees":38},{"financial_date":"2022-10-31","turnover":10949582,"net_assets":2513086,"cash":15717},{"financial_date":"2021-10-31","turnover":6336397,"net_assets":2082145,"cash":105201},{"financial_date":"2020-10-31","turnover":12522670,"net_assets":2465909,"cash":1323816}],"officers":{"current":2,"resigned":21,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":3,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Compass Supply Solutions is a niche travel retail alcohol wholesaler that has suffered significant margin collapse and balance sheet deterioration, with gross margins falling from 21% to 7%—well below the 15-25% industry norm. The company's near-zero cash position and 13% revenue decline indicate a business under severe competitive pressure, likely reflecting scale disadvantage against larger distributors and the ongoing fragility of the duty-free travel sector's post-pandemic recovery. The acquisition by HT Drinks Holdings represents a necessary strategic intervention, providing the capital and supply chain infrastructure required to stabilise the business and pursue the margin recovery that the current standalone financial profile cannot support.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/compass-supply-solutions","people":"https://www.companiesintheuk.co.uk/company/compass-supply-solutions/people","filing_history":"https://www.companiesintheuk.co.uk/company/compass-supply-solutions/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/03176107","financials":"https://www.companiesintheuk.co.uk/company/compass-supply-solutions/financial","control":"https://www.companiesintheuk.co.uk/company/compass-supply-solutions/control","charges":"https://www.companiesintheuk.co.uk/company/compass-supply-solutions/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/compass-supply-solutions/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/compass-supply-solutions"}