Diamond Dealer Direct Limited

Diamond Dealer Direct Ltd, based in Birmingham, UK, is a small, active company established 19 years ago. With 10 employees and £1,053,701 in assets, it operates from a real address and is managed by one director and owner. The company regularly imports iron or steel products (3 months of activity) and occasionally exports jewelry, precious stones, and metals (1 month of activity). It’s a retail business, specializing in engagement rings, wedding rings, and diamond jewelry.

The company’s website showcases a wide range of products, from solitaire engagement rings to diamond bracelets and eternity rings. It also offers diamond education and boasts a large collection of IGI, GIA, and HRD certified diamonds. The website highlights its experience as a supplier of fine jewelry since 1972 and emphasizes direct access to 70% of the world’s diamonds. It even has a showroom in Birmingham’s Jewellery Quarter.

Financially, Diamond Dealer Direct Ltd presents a mixed picture. Creditors increased by a significant 31%, reaching £410,000, while bank borrowings also rose by 28%, hitting £64,000. However, cash reserves remained stable at £120,000. Net assets decreased by 5.1% to £610,000. The company’s small size (meeting two of three conditions for a small company) helps it stay nimble, but the increase in liabilities suggests a need to manage cash flow. The company’s turnover is not mentioned, but it is likely to be less than £10.2 million. There’s no mention of an auditor, which is typical for a small, exempt company. The company’s accounts are unaudited. The directors list was changed four months ago, which is a good sign.

Registered in England/Wales under the registration number 05697755, with a registered address at B18 6JJ, Birmingham, 41-42 Warstone Lane, Hockley.

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