Almagrove Limited

Almagrove Jewellers, based in Bournemouth, UK, is a small, family-run business with an active status. Founded 30 years ago, the company employs 28 people and operates from a real address. With three directors and three owners, it's a tight-knit operation. The company regularly imports clocks, watches, and their parts (9 months of imports), and occasionally exports them (2 months).

The company’s website, Almagrove Jewellers, positions itself as a premier destination for exquisite jewellery, offering both brand-new and pre-loved treasures. It boasts a curated selection of diamonds and gemstones, catering to engagements, anniversaries, and personal milestones. The website also highlights bespoke jewellery design, repairs, and appraisals, showcasing a commitment to personalized service. The site also has a blog with articles on jewellery trends and care.

Financially, Almagrove Jewellers shows a mixed picture. Cash bank on hand increased significantly by 85% to £130,000, a positive sign. However, trade debtors decreased by 28%, suggesting potential issues with customer payments. Creditors also increased, by 77%, and net assets grew by 4.1% to £800,000. Depreciation for plant and machinery rose by 3.6%, indicating investment in equipment. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely reflects its exemption as a small company.

The company’s increased cash reserves and growing net assets suggest a period of growth, but the rise in creditors warrants closer attention. The family ownership and focus on quality and service seem to be driving the business forward, though the long-term financial health will depend on managing debt and maintaining customer loyalty.

Registered in England/Wales under the registration number 03000668, with a registered address at BH9 2EY, United Kingdom, Bournemouth, Dorset, 458 Wimborne Road Winton.

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