Colebys Jewellers Limited

Colebys Expert Jewellers Ltd, based in Leigh-on-Sea, UK, is a small, active company established eleven years ago. With five employees and £1,517,097 in assets, it operates from a virtual address, a bit unusual as seventy-nine other companies share the same location. The company is led by two directors and a solo founder, Coleby Ricky, who also owns the business. Colebys Jewellers boasts a stellar 5.0 Google rating based on 42 reviews, a testament to its customer service. It functions as an irregular importer, bringing in jewelry, precious stones, and metals, with the last shipment arriving two months ago in April 2024.

Colebys Jewellers operates a sophisticated e-commerce website showcasing a wide range of engagement rings, wedding rings, watches, and jewelry. The site is well-designed, offering various filtering options by style, shape, metal, and brand. It also provides detailed information on diamonds, including the 4Cs, and offers bespoke design services. The website's professional presentation and extensive product catalog suggest a focus on high-quality craftsmanship and customer engagement.

Financially, Colebys Jewellers presents a mixed picture. Accumulated depreciation for plant machinery increased by 2.6%, while vehicles saw a significant 70% jump. However, the average number of employees decreased by 60%, dropping to just two. Bank borrowings decreased by nearly 50%, but the bank overdraft increased by 2.8%. Most concerning is the drop in cash reserves, plummeting 84% to just £8,000. Creditors also decreased, which is a positive sign, but the sharp decline in equity—a 23% decrease to £650,000—raises questions about the company's financial health. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the equity drop warrants attention. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

Registered in England/Wales under the registration number 08600239, with a registered address at SS9 1PE, England, Leigh On Sea, Essex, 57a Broadway.

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