David Summerfield Limited

David Summerfield Ltd, based in Newcastle Upon Tyne, UK, is a small, active company with a remarkable 77-year history, founded in 1947. Employing 16 people, the company boasts assets totaling £4,730,774 and operates from a real address. It's a family affair, with one director and owner—a solo founder—at the helm, and an e-commerce site driving sales. The business regularly imports jewelry, precious stones, and metals (for 14 months), and exports clocks, watches, and their parts (for 39 months), demonstrating a diverse international trade presence.

The company’s website showcases a wide range of watches and jewellery, catering to both men and women. It features designer brands like Clogau, Nomination, and Thomas Sabo, alongside a dedicated section for wedding and engagement rings. The site offers various price points, from under £50 to over £1,000, and includes a charm collection with customizable bracelets. Customers can even book appointments and benefit from free gift wrapping and delivery. The website also highlights a partnership with Chrono24, a leading online marketplace for luxury watches.

Financially, David Summerfield Ltd’s recent report shows some concerning trends. While cash reserves fell by 33% to £940,000, bank borrowings surged by 2,400%, reaching £29,000. Creditors increased by 21% to £410,000, and net assets decreased by 3.8% to £4.6 million. Trade debtors fell by 58%, which could indicate improved collection efforts, but also potentially reduced sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt and decrease in equity suggest a need for careful financial management. No auditor is mentioned, which is typical for small companies. Overall, David Summerfield Ltd is a long-standing business facing the challenges of a changing market, with its success hinging on maintaining its reputation for quality and customer service.

Registered in England/Wales under the registration number 00439774, with a registered address at NE20 9LN, Newcastle Upon Tyne, Tyne & Wear, 70 Parklands, Ponteland.

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