Northern Tea Merchants Ltd

Northern Tea Merchants Ltd from Derbyshire UK is a small, active company founded eighteen years ago. With twenty-four employees and £727,259 in assets, it’s a family business operating from a real address and managed by four directors and two owners. The company has a 5.0 Google rating based on 305 reviews and runs an e-commerce site. It’s an irregular importer of cocoa and cocoa products, with the last import operation recorded two months ago in June 2024.

The company specializes in the production of coffee and coffee substitutes, wholesale of tea, coffee, cocoa, and spices, and the retail sale of beverages. Its website, Northern Tea Merchants, showcases a wide range of teas, coffees, chocolates, and gifts, and even has a separate division focused on high-end piano restoration—1066 Pianos—operating from Cambridge and with a showroom in Harrods. The site emphasizes quality, heritage, and a personal touch, with blog content and a focus on sourcing international teas.

Financially, Northern Tea Merchants Ltd presents a mixed picture. While current assets increased by 34% to £730,000, net assets grew significantly by 210% to £350,000, and cash reserves improved by 80% to £61,000, there are some concerning trends. Bank borrowings remained steady at £17,000, and trade debtors rose by 110% to £310,000, suggesting a reliance on customer payments. Creditors, however, decreased by 13% to £430,000, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than fifty employees. No auditor is mentioned, likely due to its small size.

The company’s financial data reveals a period of growth and stability, but the increase in trade debtors warrants further monitoring. The dual focus on tea and coffee alongside the piano restoration business creates a unique profile—though it's unclear how the two ventures support each other financially.

Registered in England/Wales under the registration number 06132207, with a registered address at S40 2BA, Derbyshire, 193 Chatsworth Road, Chesterfield.

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