Glenray Jewellers Limited

Glenray Jewellers Ltd from Hitchin UK is a well-established, small company with an active status, having been founded 58 years ago in 1967. With just three employees and £393,478 in assets, it’s a family-run business led by three directors and a single owner, Cohen Jason Marc. The company boasts a perfect 5.0 Google rating from 17 reviews, reflecting its reputation for quality service. It operates from a real address in Hitchin and acts as an irregular importer, primarily dealing in clocks, watches, and their parts, with the last import operation occurring over two years ago in November 2022.

The company’s website, Glenray Jewellers, presents a polished image of a leading diamond expert, offering a wide range of jewellery, from engagement rings to bespoke designs. It also features a "Glenray Live Ring Builder," suggesting an online customization option, and a blog with articles on diamond jewellery and lab-grown diamonds. The site also offers jewellery repairs, watch and clock repairs, and ear piercing services, alongside valuations and post-loss assessments. The company even has a section dedicated to zodiac gemstones and anniversary ring sizing information.

Financially, Glenray Jewellers Ltd shows some concerning trends. Current assets have decreased by 3%, dropping to £390,000, while net assets have also fallen slightly to £250,000. Bank borrowings have increased, reaching £64,000, and cash reserves have plummeted to just £4. Trade debtors have also significantly decreased, suggesting difficulties in collecting payments. The company’s small size—meeting two of three criteria for being classified as small—allows for agility, but the decline in cash and increase in borrowings raises questions. The company's accounts are unaudited, relying on director-reported data.

Overall, Glenray Jewellers Ltd appears to be a reputable, long-standing business facing some financial headwinds. While its online presence and diverse services suggest a commitment to customer engagement, the declining cash reserves and rising debt warrant closer attention.

Registered in England/Wales under the registration number 00903725, with a registered address at SG5 1DR, England, Hitchin, 7a Market Place.

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