EAST AFRICAN TEA INVESTMENTS

1. EAST AFRICAN TEA INVESTMENTS 2014-09-17 → present
2. RWANDA TEA INVESTMENTS 2012-01-26 → 2014-09-17

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

FRS 102

Reporting scope

Consolidated group

Auditor

AAB Audit & Accountancy Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors, having made due and careful enquiry and preparing forecasts, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. EAST AFRICAN TEA INVESTMENTS · parent
   1. Shagasha Tea Company Limited 60% · Rwanda · Operation of tea factories
   2. Njombe Outgrowers Services Company Limited 51% · Tanzania · Operation of tea service company
   3. Services Company Outgrowers Nyaruguru North Limited 100% · Rwanda · Operation of tea service company
   4. Rugabano Services Company Limited 100% · Rwanda · Operation of tea service company

Significant events

• “During the year to 31 March 2024, 100% ownership was transferred to The Wood Foundation Africa, a subsidiary of The Wood Foundation, for nil consideration.”
• “EATI acquired two tea processing factories in Rwanda late 2012 with an intention to develop the businesses before eventually transferring our shares in each factory to be fully owned by the smallholder farmers once we recovered our principal investment at nil return and when they achieve certain capacity and governance KPI's.”
• “EATI transferred the first of these factories, Mulindi Factory Company Limited, at nil consideration in March 2022. ... EATI continue to work towards the eventual handover of the second factory, Shagasha Tea Company Limited, on a similar basis to Mulindi over the next few years.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -14.6%

  £5,221,000 → £4,457,000

• Cash

  +18.1%

  £1,130,000 → £1,335,000

• Net assets

  -6.6%

  £13,190,000 → £12,321,000

• Employees

  +2.6%

  585 → 600

• Profit before tax

  +76.8%

  -£6,573,000 → -£1,528,000

• Wages

  -6.6%

  £1,266,000 → £1,183,000

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