Formative Coffee Ltd

Formative Coffee Ltd from London UK: a small, active company founded six years ago, employs three people, and holds £50,771 in assets. It's a solo founder operation with a real address, managed by one director and owner, and operates a thriving e-commerce site with a stellar 5.0 Google rating from 590 reviews. The company is an irregular importer of coffee, tea, mate, and spices, with the latest import activity occurring in October 2023.

The company’s website, Formative Coffee, showcases a range of coffees, including decaf, lollipop, yuzu, and more, available for wholesale, education, and direct purchase. It emphasizes free shipping above £50 and operates a coffee bar at Buckingham Green. The site also features a newsletter signup and accepts various payment methods like American Express and Shopify Pay.

Financially, Formative Coffee Ltd’s numbers show a mixed picture. While current assets increased by 35% to £51,000, net assets decreased by 17% to -£58,000, indicating a reliance on borrowed funds. Bank borrowings also decreased by 21%, and creditors remained steady at £140,000. The number of employees increased by 67% to five, suggesting a period of growth. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

Overall, Formative Coffee Ltd seems to be a growing business, but its negative equity and reliance on debt suggest it’s burning through cash. The company's success hinges on maintaining its high Google rating and expanding its customer base—but for now, it’s a story of ambition and financial strain.

Registered in England/Wales under the registration number 11467512, with a registered address at WC1N 3AX, United Kingdom, London, London, 27 Formative Coffee Ltd, Old Gloucester Street.

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