Efe Jewellery Limited

Efe Jewellery Limited, based in Ilford, UK, is a small, active company founded just four years ago. With three employees and £621,102 in assets, it operates as a solo-founded venture led by a single director and owner. The business runs an e-commerce site and enjoys a stellar 5.0 Google rating from 22 reviews. Interestingly, it’s also an irregular importer of furniture, lighting, and prefabricated buildings, with just two months of import activity recorded as of December 2022.

The company’s website showcases a focus on artisan custom jewellery, repair services, and even cash for gold. It emphasizes quality, long-lasting pieces, and a commitment to building relationships with customers. The site also features a blog and Instagram presence, indicating an effort to engage with its audience. It’s clear Efe Jewellery aims to be more than just a retailer—it wants to be a trusted source for all things jewellery-related.

Financially, Efe Jewellery Limited presents a mixed picture. While net assets increased significantly, jumping from £5,500 to £50,000, cash reserves took a hit, falling 63% to £8,600. Trade creditors decreased substantially, dropping 59% to £170,000, which could signal improved debt management. However, bank borrowings vanished completely, and debtors increased. The company’s small size (meeting two of three conditions for being classified as small) helps keep overheads low, but the fluctuating cash position warrants attention. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The sudden increase in equity, alongside the decrease in cash, suggests the company may have secured funding or experienced a one-off influx of capital. Whether this is a sustainable trend or a temporary boost remains to be seen—but for now, Efe Jewellery Limited seems to be navigating the challenges of running a small business with a strong online presence.

Registered in England/Wales under the registration number 13383795, with a registered address at IG1 1DS, England, Ilford, 100 High Road.

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