Genovese Ltd

Genovese Ltd from Blunham UK: a small, active company founded 14 years ago, employs 35 people, and holds £3,660,588 in assets. It has a real address, is overseen by four directors, and surprisingly, has no registered owners – a bit unusual. Google users rate it 4.0 out of 5 based on nine reviews. The company regularly imports edible vegetables and roots, with recent activity recorded in October 2024.

The company’s website, Genovese Coffee, is a well-established online retailer specializing in coffee. It offers a wide range of blends, single origins, and brewing equipment, alongside a subscription service. The site also highlights its commitment to sustainability and partnerships with organizations like Zoos Victoria and CafeSmart, supporting wildlife conservation and combating homelessness. It’s clear that the business focuses on quality coffee and ethical sourcing, with a strong emphasis on its roasting operations and educational resources for coffee enthusiasts.

Financially, Genovese Ltd’s report paints a mixed picture. While current assets increased by 27% to £3,700,000, debts have also risen significantly. Trade debtors have soared by 200%, reaching £1,500,000, potentially indicating issues with customer payments or a shift to offering more credit. Bank borrowings have also increased, and cash reserves have decreased by 10% to £2,100,000. The number of employees has fallen dramatically, dropping 34% to just 23 – a concerning trend. Accumulated amortisation and depreciation have also increased, suggesting investment in plant and machinery. The company is exempt from an audit, so the figures are unaudited.

Overall, Genovese Ltd appears to be a well-regarded coffee business facing some financial headwinds. The decline in employee numbers and increase in debts warrant closer attention, but the company’s strong brand and commitment to sustainability could help it weather the storm.

Registered in England/Wales under the registration number 07523749, with a registered address at MK44 3NS, Blunham, Bedfordshire, Villla Nurseries, Grange Road.

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