Clark Diamonds Limited

Clark Diamonds Ltd, based in the West Midlands, UK, is a well-established family business with a strong trading status. Founded 40 years ago, the company employs 21 people and boasts significant assets of £10,895,893. With a yearly revenue of £16,865,538, it’s a substantial player in the diamond trade. Five directors and three owners guide the operation, which has a stellar 5.0 Google rating based on two reviews. The company regularly imports and exports jewelry, precious stones, and metals, with 7 months of import activity and 23 months of export activity recorded.

Clark Diamonds operates as a wholesale supplier of loose polished diamonds, catering to independent retailers and designers. Its website highlights a unique service: a rebrandable app and stock feed integration, allowing clients to sell diamonds under their own brand. The company emphasizes ethical sourcing and robust processes, being a certified member of the Responsible Jewellery Council. It also offers lab-grown diamond options and even provides disaster recovery services for damaged stones.

Financially, Clark Diamonds shows some concerning trends. While turnover remains strong, cash bank on hand has decreased by 33% to £800,000. Net assets, however, have increased by 17% to £7,700,000. Creditors have decreased by 39%, which is a positive sign, but bank borrowings have increased significantly. Perhaps the company is investing in its app and stock feed integration, which could explain the increase in borrowing. It’s worth noting that the company’s deferred tax policy is complex, and the income tax rate used reflects a partial shift to the new rate. With no auditor mentioned, the financial statements are unaudited.

Despite these fluctuations, Clark Diamonds appears to be a resilient business with a focus on innovation and ethical practices. The family ownership and long history suggest a commitment to long-term sustainability, and the strong Google rating indicates satisfied customers.

Registered in England/Wales under the registration number 01846352, with a registered address at B1 3EG, West Midlands, 62 Tenby Street North, Birmingham.

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