Corrine Smith Design Ltd

Corrine Smith Design Ltd, based in Kilmarnock, UK, is a small, active family business established nine years ago. With seventeen employees and assets totaling £1,060,323, the company operates from a real address and is managed by three directors and two owners. Its Google rating stands at a perfect 5.0 based on twenty-seven reviews, and it runs a thriving e-commerce site. Regular imports of jewelry, precious stones, and metals have been recorded for the past twelve months, with the latest import occurring in January 2025.

The company specializes in the manufacture of jewelry and related articles, offering a wide range of personalized birthstone jewelry and gifts. Its website showcases a diverse collection, including necklaces, bracelets, earrings, and charms, with a focus on creating unique and meaningful pieces. The site also features a blog and greeting card section, highlighting the company's commitment to customer engagement and personalized service.

Financially, Corrine Smith Design Ltd presents a mixed picture. While current assets increased by 13% to £1,100,000, net losses deepened to -£23,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. 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 stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in average employees reported during the period by 53% to 26, suggests a period of growth and expansion, however, the increase in bank borrowings and the decrease in cash reserves could indicate a need for careful financial management. The company’s success hinges on maintaining its high Google rating and continuing to offer unique, personalized jewelry that resonates with customers.

Registered in Scotland under the registration number SC515189, with a registered address at KA1 2BS, Scotland, Kilmarnock, 22 Portland Road.

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