Il Mattino Ltd

Il Mattino Ltd, based in Woodford Green, UK, is a small, active company established eight years ago in 2017. Employing just two people, the company holds £110,561 in assets and operates from a real address, managed by two directors and owners. It runs an e-commerce site and irregularly imports machinery, boilers, and mechanical appliances – parts, with the last import occurring two months ago in March 2022. The company’s website, il Mattino Coffee Roasters, focuses on premium, small-batch, roast-to-order coffee beans, machines, and services, even offering maintenance and finance options.

The business seems to operate in multiple areas: repair of machinery, wholesale of coffee, tea, cocoa, and spices, and renting and leasing of equipment. The website highlights a veteran-owned and operated coffee company with a history dating back to 2006, initially as a coffee shop owner before transitioning to espresso machine engineering. It’s clear they're passionate about coffee and roasting high-quality beans.

Financially, Il Mattino Ltd presents a mixed picture. Accumulated depreciation on plant machinery increased by 36% to £64,000, while additions remained steady at £15,000. Bank borrowings decreased by 32% to £11,000, and cash reserves saw a remarkable surge, jumping 2,500% to £21,000. However, creditors decreased significantly, dropping 49% to £11,000, and net current liabilities improved, falling 44% to -£23,000. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decrease in equity, while positive, does raise some questions. The accounts are unaudited and exempt, relying on director-reported data.

Overall, Il Mattino Ltd seems to be navigating a period of change. The increase in cash reserves is encouraging, but the company will need to carefully manage its creditors and maintain its focus on delivering quality coffee to its customers.

Registered in England/Wales under the registration number 10730300, with a registered address at IG8 8PA, England, Woodford Green, 540 Chigwell Road.

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