GLOBAL TEA & COMMODITIES LTD

1. GLOBAL TEA & COMMODITIES LTD 1992-01-17 → present
2. BETINA LIMITED 1991-10-15 → 1992-01-17

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Kilsby Williams LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that based on correspondence with the banks they are confident and fully expect the banks continued support of the Group. Therefore the directors have, at the time of approving the financial statements, a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. GLOBAL TEA & COMMODITIES LTD · parent
   1. Global Tea & Commodities (Kenya) Limited 100% · Kenya · Trading
   2. Sable Farming Company Limited 100% · Malawi · Plantation
   3. Global Tea & Commodities (Malawi) Limited 100% · England & Wales · Trading
   4. Gold Crown Beverages (Kenya) Limited 100% · Kenya · Manufacture
   5. Gold Crown Foods (EPZ) Limited 100% · Kenya · Manufacture
   6. Tea Brokers Central Africa Limited 82% · Malawi · Tea Broking
   7. Gold Crown Speciality Foods Limited 100% · England & Wales · Manufacture
   8. Wilson Smithett & Company Limited 100% · England & Wales · Holding
   9. Gold Crown Foods (Tanzania) Limited 100% · Tanzania · Dormant

Significant events

• “In June 2024, the principal shareholders of Typhoo Tea Limited ceased their financial backing, leading the company to enter administration in November 2024.”
• “An additional impairment provision of $9.8m was been recorded in the 2023 financial statements against the remaining carrying value of the investment and the associated loans relating to this investment.”
• “The Kenya Revenue Authority (KRA) carried out an audit of an overseas subsidiary operations for the period of 2015 to 2018 and issued a letter of preliminary findings dated 8 March 2022 seeking to adjust corporate income based on KRA's transfer pricing methodology, and therefore demanded tax amounting to $12,479,010. The matter was concluded in March 2025 and the agreed liability for principle tax was $296,092. The tax charge and the tax liability has been incorporated as a prior year adjustment as it relates to the period 2015 to 2018.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +19.7%

  £126,881,520 → £151,860,689

• Cash

  +22%

  £741,246 → £904,383

• Net assets

  -1.1%

  £34,358,271 → £33,965,396

• Employees

  +10.5%

  3,322 → 3,672

• Operating profit

  +150.5%

  -£8,324,370 → £4,203,610

• Profit before tax

  +95.7%

  -£12,291,153 → -£533,613

• Wages

  +20.2%

  £5,392,554 → £6,480,179

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