Baccarat Uk Limited

Baccarat Uk Limited, based in London, is a sizable company with an active status, having been established 28 years ago in 1996. Employing six individuals and holding assets of £1,610,466, it operates from a virtual address—a fact highlighted by the presence of 103 companies registered at the same location. The company is directed by three individuals, although no owners are officially listed. It runs an e-commerce site and regularly imports glass and glassware (112 months), with the last import occurring in December 2024. Export activity is minimal, with just one month of glassware exports recorded back in November 01, 2022. Google reviews are not encouraging, with a rating of 1.0 based on just one review.

The company's website showcases a wide range of luxury crystalware and jewellery, emphasizing the brand's heritage and craftsmanship. It offers barware, dining sets, home décor items, and even collaborates with designers like Virgil Abloh and Jaime Hayon. The site promotes a “world of Baccarat,” highlighting its history, artistry, and global presence, including locations like Harrods in London and showrooms across Asia.

Financially, Baccarat Uk Limited’s performance presents a mixed picture. Current assets have significantly decreased by 41%, dropping to £1,600,000, while net assets have also declined, albeit less dramatically, by 11% to £620,000. Cash reserves have plummeted a staggering 93%, leaving just £98,000. Bank borrowings have also seen a substantial increase, rising by 74%, reaching £370,000. Creditors have decreased by 55%, suggesting improved debt management. The company's size (meeting two of three criteria for a large company) means it's subject to less stringent reporting requirements, and the financial statements are unaudited. Forvis Mazars LLP acted as the auditor.

The sharp decline in cash reserves and the increase in borrowings are concerning, suggesting the company may be burning through cash faster than it’s generating revenue. However, the decrease in creditors and the continued import activity indicate some degree of operational efficiency. The reliance on a virtual address, while common, could also raise questions about the company’s long-term stability.

Registered in England/Wales under the registration number 03226955, with a registered address at NW8 0DL, London, 55 Loudoun Road, St John's Wood.

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