Chatfields Jewellers Limited

Chatfields Jewellers Limited, based in Polegate, UK, is a small, family-run business with an active status, having been founded eleven years ago in 2013. Employing eight people and holding £131,136 in assets, the company operates from a virtual address—a point to note as 231 other companies are registered at the same location. Two directors and two owners (though this list may not be exhaustive) manage the business, which boasts a perfect 5.0 Google rating from 49 reviews and runs an e-commerce site. It’s a regular importer of jewelry, precious stones, and metals, with five months of import activity recorded, the last being in March 2024.

The company’s website showcases a wide range of jewelry, from engagement rings and wedding bands to designer collections and pre-owned pieces. It also offers bespoke design services, watch repairs, and gold buying, catering to a diverse customer base. The site’s clean design and detailed product descriptions—along with a blog offering advice on diamond selection and jewelry care—suggest a focus on providing a premium online shopping experience.

Financially, Chatfields Jewellers Limited presents a mixed picture. Current assets have decreased by 10% to £130,000, while net assets have plummeted 480% to -£63,000—a significant downturn. Bank borrowings have surged by 5.7%, reaching £11,000, and cash reserves have fallen 14% to £5,100. Creditors have increased by 53%, reaching £210,000. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it remain nimble, but the sharp equity decline raises concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Chatfields Jewellers Limited is facing financial pressures, despite its strong online reputation and diverse service offerings. The family-run nature of the business and its focus on quality and customer service could help it weather these challenges, but careful financial management will be crucial for long-term success.

Registered in England/Wales under the registration number 08620269, with a registered address at BN26 6QH, England, Polegate, East Sussex, Unit A6 Chaucer Business Park, Dittons Road.

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