New English Teas Limited

New English Teas Ltd, based in Coventry, UK, is a large, holding company with an active status, celebrating 40 years since its founding in 1985. The company employs 18 people and holds assets totaling £11,358,396. It operates a real address and is managed by two directors and one owner, and has a thriving e-commerce site with a stellar 5.0 Google rating from 40 reviews. The company regularly imports miscellaneous food products and exports coffee, tea, mate, and spices – a testament to its international reach.

The company's website showcases a vast selection of tea, gifts, and tins, catering to diverse tastes and occasions. From classic tins to novelty boxes and portrait tins, New English Teas offers a wide range of options for tea lovers. The site also features a variety of tea styles, shapes, and designs, as well as collaborations with popular brands like Harry Potter and Winnie the Pooh. The website is very active and well-designed, clearly focused on direct-to-consumer sales.

Financially, New English Teas Ltd demonstrates a mixed picture. While current assets have grown by a substantial 34%, reaching £11 million, net assets have also increased by 25% to £9.7 million. Bank borrowings have increased significantly by 55% to £410,000, which could indicate investment in growth or increased operational expenses. Cash reserves have increased by 4.5% to £2.8 million. The company’s size (meeting two of three criteria for a large company) suggests it’s a significant player in its sector. Creditors have increased by 150% to £1.7 million, which may be related to increased inventory to support sales. The company’s auditor, Spencer Gardner Dickins Audit LLP, has provided an audit opinion, adding a layer of assurance to the financial statements.

Overall, New English Teas Ltd appears to be a financially healthy company, experiencing growth and expanding its operations. The increase in borrowings and creditors, however, warrants monitoring to ensure sustainable growth. The company’s strong online presence and positive customer reviews suggest a bright future, but it’s important to keep an eye on its financial performance to ensure long-term success.

Registered in England/Wales under the registration number 01876796, with a registered address at CV4 9XA, England, Coventry, West Midlands, Unit 8 Banner Park, Wickmans Drive.

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