Old Spike Roastery Cic

Old Spike Roastery Cic is a small, active company from London, UK, established nine years ago in 2015. It employs eleven people and holds £144,306 in assets, operating from a real address in Gastineau Yard. With two directors and two owners, the company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances—with a recent import recorded in December 2022. The business focuses on producing coffee and coffee substitutes, with a strong social mission.

The company’s website, Old Spike Roastery, highlights its commitment to ethical sourcing and supporting Londoners experiencing homelessness. It operates both online and through several physical locations across London, offering a range of coffee beans, pods, and equipment. The website also features a subscription service and emphasizes its social impact, with 65% of profits invested in social programs. It’s a great business.

Financially, Old Spike Roastery shows some concerning trends. Current assets have dropped by 23%, while bank borrowings have increased by 17%. Cash bank on hand remains steady, but creditors have risen by 6.6%. Trade debtors have fallen by a significant 40%, suggesting potential issues with customer payments. Despite these challenges, the company’s equity has increased by 65%, indicating retained earnings are growing. The company is small, meeting two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited. The company’s increasing debt and decreasing debtors could be a sign of a startup burning through cash, but the growing equity suggests a successful business model.

Registered in England/Wales under the registration number 09631073, with a registered address at SW9 7FA, England, London, Unit 1 - Lj Works, 7 Gastineau Yard.

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