Bhagat Jewels Limited

Bhagat Jewels Ltd, based in Harrow, UK, is a small holding company with an active status. Founded just two years ago in September 2022, it employs a single person and holds £478,876 in assets. The company operates from a virtual address, registered at HA1 1BE, and is managed by two directors and one owner. It's an irregular importer, primarily dealing in art and antiques, with just one month of import activity recorded as of November 2024.

The company’s website, Bhagat b h a g a t, suggests a business focused on appointment scheduling rather than direct sales. It features a form for requesting appointments, requesting contact information and preferred dates and times. The website doesn’t offer a catalogue or online store, implying a business-to-business model or a focus on personalized services, such as jewellery design or repairs. It appears the company operates in the manufacture of jewellery and related articles, and the retail sale of watches and jewellery in specialised stores.

Financially, Bhagat Jewels Ltd presents a mixed picture. Current assets have surged by a staggering 480,000%, reaching £480,000—a dramatic increase. However, net assets have plummeted to -£140,000, indicating significant liabilities outweighing assets. Bank borrowings remain steady at £100, and cash reserves are a modest £220,000. Creditors have also increased, reaching £800,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the negative equity is concerning. The company is audited by KNAV Limited.

In short, Bhagat Jewels Ltd seems to be facing some financial challenges despite a large increase in current assets. The focus on appointments and the lack of an e-commerce presence suggest a business model reliant on personal relationships and bespoke services—a strategy that may be vulnerable to economic fluctuations.

Registered in England/Wales under the registration number 14386829, with a registered address at HA1 1BE, United Kingdom, Harrow, Middlesex, Hygeia Building, Rear Ground Floor, 66-68 College Road.

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