Element 78 Jewellery Ltd

Element 78 Jewellery Ltd, based in Spalding, UK, is a small, family-run business with an active status. Founded eight years ago in 2016, it employs five people and holds £63,984 in assets. The company operates from a virtual address, registered to 179 other companies, and is managed by three directors and three owners. Element 78 Jewellery boasts a perfect 5.0 Google rating based on eleven reviews, showcasing a strong reputation. They are an irregular importer of jewelry, precious stones, and metals, with the latest import activity recorded two months ago in September 2024.

The company’s website, Element78Jewellery.com, highlights a wide range of jewelry and accessories from various brands, including Annie Haak, Lucy Quartermaine, and Hot Diamonds. The site features an online store with detailed product descriptions and images, catering to both men and women. It’s clear they’re focused on retail sales, offering a diverse selection of rings, necklaces, bracelets, and watches. They also have a physical boutique outlet in Spalding, Lincolnshire, open Monday to Saturday. The website emphasizes customer service and quality products, aiming to provide a personalized shopping experience.

Financially, Element 78 Jewellery Ltd presents a mixed picture. Current assets have decreased by 8% to £64,000, while net assets remain at -£20,000. Cash bank on hand has dropped by 11% to £25,000. Creditors have decreased by 9.1% to £95,000, suggesting improved debt management. Property, plant, and equipment have also declined by 27% to £11,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

While the company's Google rating is excellent, the financial data suggests a tightrope walk. The decline in assets and cash reserves, alongside stagnant equity, could be typical for a small business, but it’s something to keep an eye on. The family ownership and strong online presence are positives, but sustaining growth will depend on managing costs and maintaining customer loyalty.

Registered in England/Wales under the registration number 10285334, with a registered address at PE11 1AF, England, Spalding, Lincolnshire, 32 The Crescent.

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