Buymyjewellery.com Ltd

Buymyjewellery.com Ltd, based in Accrington, UK, is a small, active company founded ten years ago in 2015. With just two employees and £37,176 in assets, it operates an e-commerce site specializing in buying and selling jewellery. The company has three directors and one owner, Kristin Robinson, and maintains a real address. However, accounts are currently overdue by eleven months, a potential red flag.

The business focuses on online jewellery retail, offering a service for selling unwanted gold, silver, and platinum jewellery. It also provides exchange options, allowing customers to trade in their existing pieces for new ones. The company’s website highlights its expertise in appraising jewellery and its commitment to providing competitive prices. It even offers a service for high-end piano restoration through its associated business, 1066 Pianos, which operates from Cambridge and has a showroom in Harrods.

Financially, Buymyjewellery.com Ltd presents a mixed picture. Cash bank holdings increased significantly by 600%, reaching £8,000, a positive sign. However, net assets liabilities have plummeted to -£1,900, a substantial decline. Creditors have also risen by 23%, and property, plant, and equipment have decreased by 19%. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the negative net assets raise concerns about its long-term financial health. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. It's possible the company is burning through cash to grow its online presence, but the overdue accounts and negative equity warrant closer monitoring.

Registered in England/Wales under the registration number 09542070, with a registered address at BB5 1LL, England, Accrington, Lancashire, 82 Blackburn Road, Accrington Lancashire, 82 Blackburn Road.

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