Cygnet Gifts Limited

Cygnet Gifts Ltd from Esher UK is a small, active company founded 19 years ago, boasting a solid Google rating of 5.0 from one review. With five employees and £124,393 in assets, it operates from a real address and is led by two directors and one owner. The company runs an e-commerce site and regularly imports jewelry, precious stones, and metals—a practice spanning nine months, with the last import in December 2023. It also exports these items, though less frequently, with just two months of export activity recorded, the last in November 2017.

The company's website, while not currently operational, previously showcased a range of gifts and accessories, suggesting a retail focus. The closure of the online shop, powered by EKM ecommerce software, indicates a temporary pause or potential restructuring of their online presence. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, Cygnet Gifts Ltd presents a mixed picture. Current assets have decreased by 19%, dropping to £120,000, while net assets have also fallen by 19%, settling at £110,000. Cash bank on hand has seen a significant decline of 45%, down to £39,000. Trade debtors have been reduced by 29%, to £14,000, which is good news. However, creditors have increased by 7%, reaching £17,000. The company's small size and lack of an auditor (likely exempt) mean the figures are unaudited. The decrease in cash reserves could be due to increased investment in inventory or marketing efforts, but it warrants monitoring. The company's focus on importing and exporting precious materials suggests a reliance on external market conditions, which can be unpredictable.

Registered in England/Wales under the registration number 05631309, with a registered address at KT10 0LF, Esher, Surrey, 29 Glebelands, Claygate.

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