Direct Retail Jewellery Ltd

Direct Retail Jewellery Ltd from Southall UK: small company, active status, founded 5 years ago, accounts overdue 2 years, confirmation overdue 2 years, £26,162 assets, real address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions for a small company: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company, which was incorporated on January 31, 2020, operates in the manufacture of imitation jewellery, retail sale of watches, and retail via mail order. Accounts and confirmation statements are currently overdue by two years, which is something to keep an eye on.

The company's website, directretailjewellery.co.uk, suggests a focus on wholesale and retail jewellery supplies. While there’s no obvious e-commerce presence, the site lists a wide range of products, including findings, chains, beads, and gemstones. It appears to cater to jewellery makers, craftspeople, and small retailers, offering competitive pricing and bulk discounts. There’s a clear emphasis on sourcing materials from India and China, highlighting the company’s global supply chain. The website also features a blog with articles on jewellery making techniques and industry trends, indicating a desire to engage with its target audience.

Financially, Direct Retail Jewellery Ltd presents a mixed picture. Current assets are reported at £26,000, a slight decrease from the previous year. However, net assets have plummeted to -£690, a significant downturn. Bank borrowings are stable, and cash reserves remain at £3,400. Creditors have also remained constant. The company’s small size means it’s likely exempt from an audit, so these figures are unaudited. The decrease in equity, despite stable cash, suggests the company may be reinvesting in its business or facing increased expenses. It’s worth noting that the company’s director, Manmeet Singh Arora, is also the sole owner, which is common for solo founders.

Overall, Direct Retail Jewellery Ltd appears to be navigating a challenging environment. While its wholesale focus and global sourcing may offer advantages, the negative equity and overdue filings suggest financial pressures. Whether the company can turn things around will depend on its ability to manage costs, attract new customers, and maintain its competitive edge in the jewellery supply market.

Registered in England/Wales under the registration number 12435861, with a registered address at UB1 1RT, England, Southall, Middlesex, 14 South Road, Unit 20.

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