Fine Star Uk Ltd

Fine Star Uk Ltd is a small, active company based in Livingston, Scotland, established eleven years ago in 2013. It’s a family business with two directors and two owners, employing nine people and holding assets valued at £622,945. The company operates from a real address and is registered with Companies House under the number SC454645. Its core business involves importing wood and wood products, although activity has been irregular, with just one month of imports recorded as of July 2023. The company also operates in the other retail sale in non-specialised stores industries.

The company's website, Finestar, focuses on the sourcing and sale of high-end natural diamonds. It emphasizes responsible sourcing, traceability, and the use of technology like blockchain to verify the origin and journey of each diamond. Finestar highlights its commitment to ethical practices, craftsmanship, and customer transparency, offering a "Finestar Traceability Certificate" to document each diamond's provenance. The site also features a division dedicated to piano restoration, suggesting a diversification of business interests.

Financially, Fine Star Uk Ltd presents a mixed picture. Current assets have decreased by 28%, falling to £620,000, while net assets have increased by 25%, reaching £210,000. However, bank borrowings have increased significantly, and cash reserves have fallen by 76%, leaving only £680. Creditors have also decreased, suggesting improved debt management. 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 drop in cash reserves is a concern. With no auditor mentioned, the figures are unaudited.

The company’s reliance on irregular imports and the fluctuating financial performance suggest a business navigating challenges. The diversification into high-end diamonds and piano restoration, however, points to an ambition to expand beyond its core retail operations and establish a more stable, premium brand.

Registered in Scotland under the registration number SC454645, with a registered address at EH54 9FF, Scotland, Livingston, 54 West Cairn View, Murieston.

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