Covoya Ltd

Covoya Ltd, a London-based holding company, has been active for fifteen years, employing sixteen people and holding assets worth £12,043,137. The company, registered at a real address, is led by three directors and has one owner, with Ofi Group Ltd as the parent company. Covoya operates an e-commerce site and enjoys a stellar 5.0 Google rating from twelve reviews. It regularly imports and exports coffee, tea, mate, and spices—nineteen months of exports and three months of imports recorded as of January 01, 2025. The company specializes in the production of coffee and coffee substitutes.

Covoya’s website showcases a wide selection of green coffee beans, catering to wholesale buyers. The site is well-designed, with a focus on origin stories and detailed product descriptions. It also includes a blog with articles on coffee-related topics, reinforcing its expertise in the industry. The site is easy to navigate, with clear categories and a user-friendly search function.

Financially, Covoya Ltd presents a mixed picture. While turnover remained steady at £19 million, net assets declined by 1000%, plummeting to -£860,000. Cash reserves experienced a significant drop of 53%, settling at £490,000. Bank borrowings increased by 1.4%, reaching £13 million. However, creditors decreased by 14%, suggesting improved debt management. The company meets two of three criteria for a large company: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The lack of an auditor mentioned is likely due to its size.

The sharp decline in equity is a cause for concern, potentially reflecting increased operating expenses or strategic investments. However, the company’s strong online presence and focus on specialty coffee suggest a commitment to quality and customer satisfaction. The company’s financial health is a little bit concerning, but the brand’s reputation and the parent company’s support may help it weather the storm.

Registered in England/Wales under the registration number 06955104, with a registered address at WC2N 6HT, England, London, The Adelphi Level 5, 1-11 John Adam Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.