Fope Jewellery Limited

Fope Jewellery Limited, based in Solihull, UK, is a large, active company established seven years ago. Employing five individuals, it boasts significant assets of £5,476,354 and generates an impressive £7,982,596 in yearly revenue. The business, a family-run operation with three directors and two owners, maintains a real address and enjoys a stellar 5.0 Google rating based on fourteen reviews. Regular importer of jewelry, precious stones, and metals (12 months imported). Irregular exporter of jewelry, precious stones, and metals (2 months exported).

The company operates as an agent specializing in the sale of other particular products industries. Its website showcases a wide range of luxury watches and jewelry from renowned brands like Rolex, Cartier, and David Yurman, alongside bespoke wedding rings and fine jewelry collections. It also has a presence in the piano restoration business, a venture that adds a unique dimension to the company's portfolio.

Financially, Fope Jewellery Limited exhibits some concerning trends. While turnover increased by 13%, net assets decreased by 17% to £730,000. Bank borrowings increased by 100% to £29,000, and cash reserves fell by 38% to £750,000. Creditors decreased by 6.6%, suggesting improved debt management. The company meets the criteria to be considered large, with turnover over £36 million, balance sheet total over £18 million, and employees over 250. The lack of an auditor mentioned suggests that the company is exempt from this requirement.

The increase in administrative expenses by 36% could be a factor in the decrease in net assets. The company's reliance on a small number of directors and owners may also present challenges in the long run. However, the company’s strong Google rating and presence in the luxury goods market suggest that it remains a viable business.

Registered in England/Wales under the registration number 11102302, with a registered address at B91 2AA, England, Solihull, West Midlands, Part 2nd Floor Of Radcliffe House Blenheim Court, Warwick Road And Lode Lane.

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