Clarity Jewellery Uk Ltd

Clarity Jewellery Uk Ltd is a small, active company based in Birmingham, UK, founded six years ago in 2018. It employs just three people and holds £337,441 in assets, operating from a real address within the Jewellery Business Centre. With three directors and two owners, the company is a regular importer of jewelry, precious stones, and metals, with 30 months of import activity recorded, the latest in October 2024. It also engages in irregular exporting, with just one month of export activity dating back to May 2019. The company operates in the wholesale of watches and jewellery industries.

While the business appears to be a modest operation, its website reveals a focus on wholesale distribution. The site highlights a range of jewelry and accessories, targeting trade customers and showcasing a selection of suppliers. The company’s branding and online presence suggest a focus on sourcing and supplying quality jewelry components.

Financially, Clarity Jewellery Uk Ltd shows some concerning trends. Net assets have plummeted 90%, dropping from £32,000 to just £3,300—a significant decline. Equity has also suffered, decreasing by 90% to £3,300. Bank borrowings have increased by 39%, reaching £7,700, while cash reserves remain steady at £20,000. Trade debtors have decreased by 17%, suggesting improved collection rates. 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 flexible, but the sharp decline in equity raises questions about its financial stability. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Clarity Jewellery Uk Ltd appears to be facing financial headwinds. While its import activity remains consistent, the sharp decline in equity and the increase in borrowings suggest a need for careful financial management. The company's success will likely depend on its ability to maintain consistent import activity and improve its profitability.

Registered in England/Wales under the registration number 11374923, with a registered address at B18 6DA, England, Birmingham, Jewellery Business Centre Spencer Street, Hockley.

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