Forever Together Jewellery Ltd

Forever Together Jewellery Ltd, a small, active company based in Wigan, UK, has been crafting and selling jewellery for seven years. Founded in 2018, the business employs three people and holds £22,697 in assets. With a real registered address and two directors and owners, the company operates an e-commerce site and enjoys a stellar 5.0 Google rating from 119 reviews.

The company specializes in the manufacture of jewellery and related articles, with a focus on retail sales via the internet. Its website showcases a range of designs, suggesting a focus on personalized and unique pieces. While the business appears to be a passion project, it's clear that the owners are committed to providing quality products and excellent customer service.

Financially, Forever Together Jewellery Ltd’s recent performance presents a mixed picture. Current assets have declined by a significant 39%, dropping to £23,000. Bank borrowings have increased, reaching £170, and cash reserves have fallen by 34%, leaving just £16,000 in the bank. Debtor levels have also plummeted, suggesting potential issues with customer payments. On a positive note, creditors have decreased by 15%, indicating improved debt management. The company’s small size—meeting two of three criteria for a small business—allows for agility, but the decline in equity and net assets is concerning. No auditor is mentioned, which is typical for small, exempt companies.

The sharp decrease in equity and cash reserves suggests the business may be burning through money, though it’s also possible this is due to investments in growth or inventory. The directors, Kelly Harris and Jenna Jones, will need to carefully manage expenses and ensure consistent sales to maintain financial stability.

Registered in England/Wales under the registration number 11146508, with a registered address at WN2 3PA, England, Wigan, Office 26, Hindley Business Centre Platt Lane, Hindley.

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