Quinteassential Limited

Quinteassential Ltd from Bolton UK: a small, active company founded ten years ago, employs just two people, and holds £67,752 in assets. Operating from a virtual address, the company is led by one director and owner, and runs an e-commerce site specializing in fine teas. It’s an irregular importer and exporter, focusing on coffee, tea, mate, and spices, with recent activity recorded as far back as 2022.

The company's website, Quinteassential Fine Teas, showcases a wide range of loose leaf teas, teabags, and gift sets, emphasizing unique blends and wellness benefits. The site also highlights the founder, Bernadine Tay, and her science background, which informs the creation of the tea blends. It’s a well-designed site with a clear focus on quality and customer experience.

Financially, Quinteassential Ltd presents a mixed picture. While cash reserves increased significantly by 240% to £28,000, net assets decreased by 29% to -£39,000, indicating accumulated losses. Bank borrowings also increased, jumping 9.7% to £5,800. Finished goods dropped by 25% to £30,000, suggesting a possible shift in inventory management. Despite these challenges, creditors decreased by 25%, which is a positive sign. The company meets the criteria for a small company, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is typical for small companies.

Overall, Quinteassential Ltd appears to be navigating a period of financial pressure, but its strong online presence and focus on niche tea products suggest potential for future growth. It’s a small business with a clear identity, but it will need to carefully manage its finances to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09239082, with a registered address at BL1 8SW, United Kingdom, Bolton, Ground Floor, Nautica House, Waters Meeting Road.

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