Classic Jewellery Limited

Classic Jewellery Ltd from Brighton UK: a small, family-run business, is active and has been around for 27 years. It employs seven people and holds £846,593 in assets, operating from a virtual address shared by 66 other companies. With three directors and two owners, the company is a tight-knit operation, importing machinery, boilers, and mechanical appliances irregularly – the last import was way back in 2018.

The company’s website reveals a charming, traditional jeweller located in Brighton’s famous Lanes. They specialise in unique Art Deco, Vintage, and Victorian styles, offering a curated selection of jewellery and even a showroom. They also buy unwanted or broken jewellery, watches, and gold, promising fair prices. The website's blog is a nice touch, offering advice on jewellery care and style.

Financially, Classic Jewellery Ltd shows some concerning trends. Current assets have decreased by 4%, while net assets have fallen by 2.2% to £800,000. Bank borrowings have decreased by 31%, and cash reserves have fallen by 22% to £290,000. Trade debtors have increased significantly by 1200%, which might indicate issues with customer payments or a deliberate strategy to extend credit. Creditors have decreased by 18%, which is a positive sign. 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 drop in cash reserves is something to watch. No auditor is mentioned, likely due to its small company status.

Overall, Classic Jewellery Ltd appears to be a well-established business with a strong local reputation, but the recent financial figures suggest it’s facing some challenges. It's a little worrying that the company’s debts are so high.

Registered in England/Wales under the registration number 03417260, with a registered address at BN1 1WN, Brighton, East Sussex, 12a Marlborough Place.

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