Origin Commodities Limited

Origin Commodities Limited, based in London, UK, is a small holding company with an active status. Founded four years ago in September 2020, it employs just two people and holds assets valued at £3,707,935. The company has a real address and is overseen by three directors and one owner. It’s a regular importer, specializing in miscellaneous food products, with the most recent import activity occurring in September 2024.

The company's website highlights a focus on sustainable coffee trading, with a network spanning London, Denmark, and Kenya. It positions itself as a partner to origin producers, developing long-term relationships to source and deliver coffee. The website also mentions a division dedicated to piano restoration and sales, operating under the "1066" branding—a seemingly unrelated venture. It’s clear they are selling coffee and pianos.

Financially, Origin Commodities Limited’s recent performance presents a mixed picture. Current assets have increased significantly by 100% to £3,700,000, but net assets have fallen dramatically by 210% to -£1,700,000. Bank borrowings have decreased by 1.3% to £800,000, while cash reserves have plummeted 72% to £46,000. Creditors have increased substantially by 130%, and trade debtors have also risen by 130%. The company meets the criteria to be classified as small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited financial statements don’t mention an auditor.

The substantial decrease in equity suggests the company may be burning through cash, despite the growth in current assets. The diversification into piano restoration could be a strategic move to broaden revenue streams, but it also introduces complexity. The increase in trade debtors could indicate difficulties in collecting payments, while the rise in creditors suggests a need to manage short-term liabilities.

Registered in England/Wales under the registration number 12902664, with a registered address at SW1V 1DW, England, London, Welby House, Wilton Road.

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