Beverley Hills Jewellers Ltd

Beverley Hills Jewellers Ltd, based in London, UK, is a small, active company established 37 years ago in 1987. With 40 employees and £11,010,432 in assets, it operates from a virtual address, a detail that’s worth noting as 1167 other companies are registered at the same location. The business is led by four directors and owned by Jacqueline Susan Hartstone, the solo founder. It regularly imports jewelry, precious stones, and metals—19 months worth of activity—with the latest import in November 2024. Export activity is much less frequent, just two months worth, the last being in May 2022.

The company’s website showcases a focus on engagement and wedding rings, with a strong emphasis on British craftsmanship and a luxury experience. It offers a wide range of styles, from classic solitaires to bespoke designs, and even provides services like diamond buying and jewelry repair. The site highlights a showroom in Hatton Garden, London, and encourages visitors to book appointments for personalized consultations. The website also contains a blog with articles on engagement ring trends and buying guides, demonstrating a commitment to educating customers.

Financially, Beverley Hills Jewellers Ltd presents a mixed picture. Cash reserves have taken a significant hit, decreasing by 79% to just £86,000. While fixed assets have increased substantially—a 230% jump—this might be due to investments in equipment or inventory. Debtor amounts have fallen considerably, suggesting improved collection practices. However, creditors have risen by 2.9%, indicating increased short-term liabilities. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, and the financial statements are unaudited. The company’s net assets have also fallen by 11%, which could be due to a variety of factors, including increased expenses or reduced profitability. The company is also facing a higher tax liability, with the tax expense increasing by 57%.

Overall, Beverley Hills Jewellers Ltd seems to be navigating a challenging environment. The decrease in cash reserves and the increase in creditors suggest potential liquidity issues, but the improvements in debtor management and the increase in fixed assets offer some cause for optimism. The company’s focus on high-end jewelry and personalized service, combined with its presence in the prestigious Hatton Garden district, could help it weather the storm, but the future remains uncertain.

Registered in England/Wales under the registration number 02140774, with a registered address at EC3V 3QQ, United Kingdom, London, 73 Cornhill.

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