CAFEDIRECT ROASTERY LIMITED

• ⚠

  Material uncertainty over going concern

  Having reviewed the plans, associated forecast and additional actions, along with recognising the long-term supportive nature of Cafédirect's relationship with its bankers and other long-term stakeholders, the Directors confirm that they have a reasonable expectation that the Company has adequate resources to continue to meet its liabilities as they fall due for the foreseeable future. Accordingly, the going concern basis has been adopted in the preparation of the accounts. The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern. The combination of factors above represent a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -16.6%

  £15,601,000 → £13,018,000

• Cash

  -63%

  £413,000 → £153,000

• Net assets

  -60.4%

  £1,784,000 → £707,000

• Employees

  -27.8%

  72 → 52

• Operating profit

  +29.8%

  -£1,500,000 → -£1,053,000

• Profit before tax

  -48.7%

  -£709,000 → -£1,054,000

• Wages

  -17.6%

  £2,822,000 → £2,324,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. CAFEDIRECT ROASTERY LIMITED 2023-10-04 → present
2. BEWLEY'S TEA AND COFFEE UK LIMITED 2018-05-12 → 2023-10-04
3. PEROS LIMITED 2000-06-27 → 2018-05-12

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Having reviewed the plans, associated forecast and additional actions, along with recognising the long-term supportive nature of Cafédirect's relationship with its bankers and other long-term stakeholders, the Directors confirm that they have a reasonable expectation that the Company has adequate resources to continue to meet its liabilities as they fall due for the foreseeable future. Accordingly, the going concern basis has been adopted in the preparation of the accounts. The financial statements do not include the adjustments that would result if the Company were unable to continue as a going concern. The combination of factors above represent a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.”

Significant events

• “Turnover declined during 2024 to £13,018k (2023 - £15,601k) and the Company recorded a total loss of £1,054k for the year (2023 - £ 709k).”
• “The new EU Deforestation Regulation (EUDR) took effect on 30th December 2024 and there was a proposed delay of 12 months. This regulation requires that all coffee traded within the European Union is certified as "deforestation free".”
• “UK businesses are currently facing many uncertainties such as the consequences of environmental sustainability and geopolitical events. These uncertainties have contributed to an environment where there exists a range of issues and risks, including inflation, rising interest rates, labour shortages, disrupted supply chains and new ways of working.”
• “The performance of the Company was materially affected by significant increases in raw material prices. In April 2024, coffee futures on the New York Stock Exchange were trading at around 180c per pound. In the period to August 2024, the futures rose in price to around 250c per pound an increase of 39%. Later in the year, price increased further, to a high of 350c per pound.”
• “During the year, covenants relating to the Triodos debt facility were breached on eleven out of the twelve months. Triodos have responded accordingly that they will waive their right to act on the covenant breaches recorded.”
• “Headcount costs reduced by a further £0.9m across the Group to take advantage of the integration of the acquisition into the Group and the operational improvements realised from the implementation of SAP.”
• “A plan was agreed to increase prices or exit products sold at low or negative margins by shelf pricing. In 2025 the business continues to assess and restructure as required.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.