Gold City Jewellers Limited

Gold City Jewellers Ltd, based in Birmingham, UK, is a small, family-run business with an active status. Established sixteen years ago in 2009, the company employs eight people and holds assets valued at £885,760. It operates from a real address and is led by one director and two owners. The business engages in irregular import activities, primarily of furniture, lighting, and prefabricated buildings, with the last import occurring in October 2024. It also exports jewelry, precious stones, and metals, though less frequently, with the last export recorded in June 2022.

While the company’s website is unavailable, its business profile reveals it operates within the other retail sale in non-specialised stores industries. This suggests a broad retail focus, likely involving physical storefront sales alongside potential online presence. It’s difficult to determine the extent of e-commerce activity without a website to analyze.

Financially, Gold City Jewellers Ltd presents a mixed picture. Current assets have decreased by 31%, dropping to £890,000, while net assets have fallen by nearly 5% to £310,000. Cash reserves have seen a healthy increase of 51%, reaching £110,000, which is a positive sign. However, bank borrowings have been reduced by 26%, suggesting a conscious effort to manage debt. Creditors have also decreased by 40%, which is a good indication of improved financial management. The company's small size—meeting two of three criteria for being considered small—allows for agility, but the decrease in equity warrants further investigation. No auditor is mentioned, likely due to exemption as a small company.

The company's irregular import and export activity suggests a fluctuating supply chain and potential reliance on specific market conditions. The decrease in net assets, despite the increase in cash, could be attributed to increased inventory levels or other investments. It’s possible the company is strategically building up stock in anticipation of future demand, or it could be a sign of challenges in converting inventory into sales.

Registered in England/Wales under the registration number 06826688, with a registered address at B11 4JY, Birmingham, 367 Stratford Road.

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