Gems4less Ltd

Gems4less Ltd, based in Milton Keynes, UK, is a small, family-run business with an active status. Founded 21 years ago in 2003, it employs eight people and holds £562,488 in assets. With three directors and two owners, the company operates from a real address and has a long history in the jewelry and precious stones industry. It’s an irregular importer, bringing in jewelry, precious stones, and metals for two months out of the last year, with the last import operation taking place in 2019. Conversely, it’s a regular exporter, sending out these same items for four months, with the last export operation in 2022.

The company’s website, Quality Diamonds, showcases a different facet of the business: high-end diamond jewelry and restoration services. It emphasizes independently certified diamonds, hand-made pieces in the UK, and a 100% money-back guarantee. The site also features a "DiamondScore" tool to assess diamond quality and a blog offering expert advice. It seems the business operates from multiple locations, including Milton Keynes, London's Hatton Garden, and Birmingham's Jewellery Quarter.

Financially, Gems4less Ltd presents a mixed picture. While current assets increased by 35% to £560,000, net assets declined by 47% to £78,000. Bank borrowings decreased significantly, falling by 63%, while creditors increased by 49%. The company’s small size (meeting two of three conditions for being small) helps with agility, but the drop in equity is noticeable. Cash reserves have also improved, increasing by 110% to £150,000. There’s no mention of an auditor, which is likely due to the company’s exemption as a small entity.

Overall, Gems4less Ltd appears to be navigating a period of change. While its diamond business seems to be thriving, the financial data suggests some pressures. The company's long-standing family ownership and commitment to quality could be key to its continued success, though careful management of its finances will be essential.

Registered in England/Wales under the registration number 04930687, with a registered address at MK7 8NL, England, Milton Keynes, Buckinghamshire, First Floor, 2 Copperhouse Court, Caldecotte.

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