Third Wave Coffee Source Ltd

Third Wave Coffee Source Ltd is a small, active company based in London, UK, founded twelve years ago in 2013. With just two employees and £277,741 in assets, it operates from a virtual address, managed by a single director and owner, who is also the solo founder. The company is a regular exporter of coffee, tea, mate, and spices, having done so for five months, but is an irregular importer of various textile products, sets, used clothing, and rags, with just two months of import activity recorded.

The company’s website showcases a vibrant online retail business focused on specialty coffee. It offers a range of products, from single-origin beans to easy-brew bags and merchandise, catering to both novice and experienced coffee lovers. The site emphasizes ethically sourced beans, freshly roasted coffee, and convenient brewing methods, alongside a café locator and a quiz to help customers find their perfect cup. It’s a modern e-commerce operation with a strong brand identity and a focus on customer engagement.

Financially, Third Wave Coffee Source Ltd presents a mixed picture. Current assets have decreased by 13% to £280,000, while net assets have increased by 20% to £260,000. Trade debtors have increased significantly by 99% to £65,000, which could indicate a growth in sales but also potential challenges in collecting payments. Cash reserves have fallen by 44% to £84,000, and bank borrowings have increased by 2,400% to £29,000. Creditors have decreased by 79% to £23,000, suggesting improved debt management. As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it benefits from simplified reporting requirements, and there is no auditor mentioned.

Overall, Third Wave Coffee Source Ltd appears to be growing its sales, but it's also burning through cash. The increase in debt suggests a need for careful financial management, and the reliance on a single founder could present a risk. It’s a modern, digitally-focused business with a strong brand, but it needs to ensure its financial foundations are solid to sustain its growth.

Registered in England/Wales under the registration number 08373285, with a registered address at WC1V 6AX, London, Chancery Station House, 31-33 High Holborn.

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