Biagio The Jewellers Limited

Biagio The Jewellers Ltd, based in Bicester, UK, is a small, active company founded 26 years ago in 03 February 1999. With nineteen employees and £989,832 in assets, it’s a well-established family business operating from a real address. The company is led by a single director and owner, Patalano Biagio Antonio, and features an e-commerce site. They regularly import paper and paperboard products, with 10 months of import activity recorded.

Beyond retail sales of jewellery, the company also owns Caffe Gloria Limited, suggesting a diversified business portfolio. Their website showcases a wide range of jewellery, from diamonds and wedding rings to lab-created diamond pieces, catering to various tastes and budgets. They offer a variety of metals, gemstones, and brands, and provide services like appointment bookings and free UK delivery over £50.

Financially, Biagio The Jewellers Ltd shows some concerning trends. While current assets increased by 13% to £990,000, net assets decreased by 6% to £260,000. Bank borrowings remained relatively stable, but trade debtors increased significantly by 52%, which could indicate difficulties in collecting payments. Creditors also rose by 21%, suggesting increased reliance on short-term financing. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the declining equity raises questions about its long-term financial health. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data.

Overall, Biagio The Jewellers Ltd appears to be a long-standing business navigating the challenges of a competitive market. Its diversified offerings and established online presence are strengths, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 03707047, with a registered address at OX26 6FA, United Kingdom, Bicester, Oxfordshire, 1 & 2 Pioneer Square.

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