Gemworld Limited

Gemworld Limited, based in London, UK, is a small, active company founded seven years ago in 2018. It operates with a virtual address and employs just one person, holding assets totaling £422,836. The company is led by a single director and owner, Pereira Peter Cajetan Leo, who also acts as the sole employee. Gemworld specializes in the wholesale of watches and jewelry, importing and exporting jewelry, precious stones, and metals regularly.

The company’s website showcases a wide range of gemstones and jewelry, from classic diamond rings to unique mineral specimens. It appears to be primarily an e-commerce business, offering a diverse selection of products categorized by stone type, color, and style. The site also features a "Vault" section for bespoke pieces and a "New Arrivals" section, suggesting a focus on fresh inventory and personalized service. It's a beautiful site, and the descriptions are very detailed.

Financially, Gemworld Limited presents a mixed picture. While cash reserves fell by a significant 32% to £75,000, finished goods and goods for resale increased by 21% to £310,000, indicating a potential build-up of inventory. Trade debtors (money owed by customers) decreased by 58%, which is a positive sign of improved collections. However, bank overdrafts remained constant at £8,500. Net assets increased by 33% to £240,000, which is a good sign, but it's worth noting that creditors (money owed to suppliers) also increased by 36% to £180,000. The company’s small size (meeting two of three conditions for being a small company) helps it remain agile, but the decline in cash reserves warrants attention. The accounts are unaudited, as is common for small companies.

Overall, Gemworld Limited seems to be navigating a period of change, with a focus on inventory management and customer service. It’s a small but potentially resilient business, but keeping a close eye on its cash flow will be important for its long-term success.

Registered in England/Wales under the registration number 11206885, with a registered address at EC2Y 5AU, England, London, 6th Floor 2 London Wall Place.

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