Lost Minds Coffee Co Ltd

Lost Minds Coffee Co Ltd, based in Romsey, UK, is a small, active company founded just one year ago. With £2,930 in assets and a real registered address, it’s a relatively new venture run by two directors and two owners. The company operates in a diverse range of industries, including coffee production, wholesale of spices and beverages, and retail sales via markets and online. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website is currently unavailable, making it difficult to assess its e-commerce presence. However, the industries it operates in suggest a blend of online and offline sales channels, potentially involving local markets and direct-to-consumer sales. It’s likely they are trying to build a brand around specialty coffee and related products.

Financially, Lost Minds Coffee Co Ltd presents a mixed picture. While cash bank on hand increased significantly by 500% to £2,900, creditors rose by 5.3% to £6,900. Equity also declined by 13% to -£4,100. The most concerning trend is the complete disappearance of inventory—total inventories dropped 100% to zero. Trade debtors, however, increased slightly to £50. The company intends to cease trading in January 2025, and the accounts are therefore prepared on a basis other than going concern. This, alongside the lack of an auditor, makes a full financial assessment tricky.

It’s clear that Lost Minds Coffee Co Ltd is facing challenges. The rapid decline in inventory and the negative equity suggest a company struggling to manage its stock and potentially facing cash flow issues. The decision to cease trading in January 2025 further complicates the picture, indicating a business that may have failed to gain traction in a competitive market. The directors have taken account of this in the valuation and presentation of the company’s assets and liabilities.

Registered in England/Wales under the registration number 15253910, with a registered address at SO51 7LT, England, Romsey, 7 Ashley Meadows.

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