Tea People Ltd.

Tea People Ltd is a small, family-run business based in Reading, UK, with an active trading status. Founded thirteen years ago in 2011, the company employs thirteen people and holds £293,628 in assets. It operates from a real address and is managed by three directors and two owners. Tea People Ltd runs an e-commerce site specializing in speciality teas and related accessories. It regularly imports miscellaneous food products, with nineteen months of import activity recorded, and exports miscellaneous food products, with four months of export activity.

The company’s website showcases a wide range of teas, from black and green to oolong and herbal infusions, alongside teaware and gift sets. It positions itself as a social enterprise, emphasizing ethical sourcing and sustainable practices. The site also highlights bespoke tea services and corporate gifting options, indicating a focus on both retail and B2B sales.

Financially, Tea People Ltd presents a mixed picture. Current assets have decreased slightly, while bank borrowings have fallen by 22%. Cash reserves have increased by 76%, which is a positive sign. However, net losses have deepened, and trade debtors have decreased, suggesting potential challenges in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increased losses raise concerns. With no auditor mentioned (likely exempt as a small company), the figures are based on unaudited statements.

The company’s focus on ethical sourcing and its social enterprise model could be driving its growth, but the financial data suggests it's burning through cash. Whether the company can sustain its growth trajectory remains to be seen—but for now, Tea People Ltd is betting on its niche market and its commitment to quality and sustainability.

Registered in England/Wales under the registration number 07637189, with a registered address at RG30 1DZ, England, Reading, Unit 5, Broughton Close, 115 Loverock Road.

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