Downey Designs Limited

Downey Designs Ltd, based in the Jewellery Quarter of Birmingham, UK, is a small, active company founded 22 years ago in December 2002. With fifteen employees and £399,250 in assets, it’s a long-standing fixture in the area. The company is owned by Nugus Stewart, who also serves as one of two directors. It’s a solo founder story, with a real registered address and a history of importing jewelry, precious stones, and metals—spanning 46 months, with the most recent activity in December 6 2024.

The company’s website, downeydesign.co.uk, functions primarily as a directory listing, showcasing a vast array of cities across the UK. It doesn’t appear to be an e-commerce site itself, but rather a tool for locating jewelry businesses. The site lists Downey Designs Ltd alongside numerous other jewellers, suggesting a broader marketing or networking initiative. Related companies mentioned include Downes Bartlam and Crystalink Jewellery Manufacturing Ltd, hinting at potential collaborations or supply chain relationships. The site also lists a phone number and a brief description of the company's services.

Financially, Downey Designs Ltd shows some concerning trends. While net assets remained stable at -£88,000, cash reserves declined by 34% to £140,000. Bank borrowings remained steady at £62,000, but trade debtors increased significantly by 23%, suggesting potential issues with customer payments. Creditors also rose, with non-financial instruments increasing by 24%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it avoids a full audit, relying on unaudited statements. The increase from depreciation charge for property plant equipment was steady at £13,000.

Overall, Downey Designs Ltd seems to be navigating a challenging financial landscape. While it maintains a presence in the Jewellery Quarter and continues to import materials, the declining cash reserves and rising debtors suggest a need for careful financial management. The company’s role as a directory listing, rather than a direct e-commerce platform, could be a strategic choice to reach a wider audience, but it also limits its direct sales potential.

Registered in England/Wales under the registration number 04613361, with a registered address at B1 3HS, Jewellery Quarter Birmingham, West Midlands, 109 The Argent Centre, 60 Frederick Street.

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