Dolphin Minerals Limited

Dolphin Minerals Ltd, based in York, UK, is a small, active company founded just three years ago in 2021. With twelve employees and £1,148,973 in assets, it operates as a solo-founded business with two directors and one owner. The company runs an e-commerce site and regularly imports and exports jewelry, precious stones, and metals – a total of 128 months of import activity and 58 months of export activity. It’s a wholesale business, selling to resellers.

The company’s website highlights its diverse offerings, including crystals, minerals, fossils, and sterling silver jewelry, catering to a trade-only audience. It even offers mobile showrooms covering the UK mainland, and a WhatsApp service for orders on the go. The site also mentions a showroom in York, open Monday to Friday, and encourages visits to see its "Aladdin's cave" of products.

Financially, Dolphin Minerals Ltd shows some interesting trends. Cash bank on hand has decreased by 27% to £170,000, while net assets have increased by 110% to £810,000. Creditors have decreased by 33% to £910,000, and trade debtors have increased by 62% to £170,000. Bank borrowings have dramatically reduced by 100% to zero. 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 increased trade debtors suggest a need to manage customer payments more closely. There’s no auditor mentioned, which is common for small companies.

The increase in net assets is a positive sign, but the decrease in cash reserves warrants attention. It seems like the company is growing, but it’s important to monitor its cash flow and ensure it can meet its obligations. The wholesale model, with its focus on resellers, is a good strategy, but the company needs to maintain strong relationships with its customers and manage its inventory effectively.

Registered in England/Wales under the registration number 13655450, with a registered address at YO26 6QU, United Kingdom, York, North Yorkshire, Unit 1b, Harwood Road, Northminster Business Park.

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