Rinaldo's Speciality Coffee & Tea Ltd

Rinaldo’s Speciality Coffee & Tea Ltd, based in Kendal, UK, is a small holding company with an active status, established ten years ago. The company employs just three people and holds £130,209 in assets. It operates a real address and is led by one director and one owner, and has a 5.0 Google rating from 164 reviews, indicating a strong customer base. The company also runs an e-commerce site and regularly imports electrical machinery and equipment, with 10 months of import activity recorded, the latest in May 2024.

The company's website showcases a wide range of speciality coffees, fine teas, and espresso equipment. It positions itself as an independent roaster, tea merchant, and equipment expert based in the Lake District, emphasizing quality, traceability, and ethical sourcing. The site also features a selection of coffee grinders, brewing kits, and accessories, catering to both home and commercial customers. ECM espresso machines are a key offering, highlighting a focus on premium, hand-built equipment.

Financially, Rinaldo’s Speciality Coffee & Tea Ltd presents a mixed picture. While current assets increased by a substantial 140% to £130,000, equity decreased dramatically by 84%, falling to just £5,300. Bank borrowings surged by a significant amount, reaching £25,000, and cash reserves declined by 3.1% to £3,400. Creditors also increased by 120% to £110,000. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There is no auditor mentioned, likely due to the small company exemption.

The company’s sharp equity decline and increased borrowings suggest it may be burning through cash, although the growth in assets indicates ongoing business activity. It’s possible the company has invested in inventory or equipment to support its growth, but it’s important to monitor its cash flow closely. The unaudited financial statements provide a snapshot of the company’s performance, but a more detailed analysis would be needed to fully assess its financial health.

Registered in England/Wales under the registration number 09393432, with a registered address at LA8 8QJ, England, Kendal, Unit 12, Lakeland Food Park, Plumgarths, Crook Road.

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