Tealith Ltd

Tealith Ltd is a small, active company based in Bath, UK, founded eleven years ago in 2014. With 55 employees and £304,631 in assets, it operates from a real address and is managed by two directors and owners. The company is a regular importer, specializing in plastics and plastic products, with 19 months of import activity recorded, the latest in October 2024. Tealith’s primary focus is bubble tea, offering both online sales and seven physical stores across the UK.

The company's website showcases a range of bubble tea kits, reusable cups, and mochi, catering to a growing market for customizable drinks. It even has a mailing list for subscribers. Tealith positions itself as a "bubble tea specialist" and emphasizes handcrafted happiness, with a mission to put a smile on customers’ faces. The website also highlights a commitment to fun and British-based business.

Financially, Tealith Ltd shows some concerning trends. Current assets decreased by 29%, falling to £300,000, while net assets also dropped by 13%, reaching £200,000. Cash reserves took a significant hit, plummeting 50% to £120,000. Bank borrowings, however, remained stable. The company’s small size—meeting two of three criteria for a small company—helps with agility, but the decline in equity and cash reserves suggests a need for careful management. Trade debtors increased by 21%, which could be a sign of expanding sales, but also a potential risk if payments are delayed. The company is exempt from an audit, so the figures are unaudited.

While Tealith Ltd appears to be actively pursuing its bubble tea business, the financial data indicates a need to watch cash flow and maintain a strong balance sheet. The company's reliance on imported plastics could also be a vulnerability, especially given current global supply chain challenges.

Registered in England/Wales under the registration number 09034079, with a registered address at BA1 1RD, England, Bath, 20 Union Passage.

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