Fine Tea Merchants Ltd

Fine Tea Merchants Ltd from Lincoln UK: a small, active company founded nine years ago, employs six people, and holds £858,509 in assets. It’s a real address, managed by two directors and two owners, and operates as a family business with an e-commerce site. The company is an irregular importer, primarily of ceramic products, with just one month of imports recorded as of June 2019.

The company’s website highlights its role as a supplier and supporter of tea shops, merchants, and small packers across the UK and continental Europe. It imports directly from origin and stores a range of teas and botanicals in its Lincolnshire warehouse. The company offers teas in varying quantities, from 1 kilogram to bulk shipments, and can ship straightlines or offer bespoke blends. It also provides advisory and consulting services related to tea and sustainability, representing India’s largest merchant tea exporter, A.Tosh Sons. The website also includes a section for tweets, showcasing the company’s engagement with the tea community.

Financially, Fine Tea Merchants Ltd presents a mixed picture. While current assets increased by a healthy 55% to £860,000, net assets also jumped 30% to £480,000. However, bank borrowings surged by 96%, reaching £420,000, and creditors increased significantly. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in borrowings and creditors suggests a need for careful financial management. The number of employees increased by 100% to twelve, which is a significant change. There's no auditor mentioned, likely due to its small size, so the financial data is unaudited. It seems the company is growing, but it’s also relying more heavily on credit.

Registered in England/Wales under the registration number 10080826, with a registered address at LN4 2DX, England, Lincoln, Lincolnshire, The Office Building Village Yard, Station Road.

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