Griffins Jewellers Limited

Griffins Jewellers Ltd, based in Bridlington, East Yorkshire, is a small, active holding company established 43 years ago. With 26 employees and £1,966,228 in assets, the company operates a real address and is overseen by four directors and one owner. It runs an e-commerce site and regularly imports jewelry, precious stones, and metals—the last import was made in December 2024.

The company’s website showcases a wide range of jewelry, watches, and gifts, catering to both men and women. It offers brands like Cartier, Rolex, and Nomination, alongside its own collections. The site emphasizes quality, expertise, and personalized service, with a dedicated section for wedding rings and a blog offering advice on jewelry care and gifting. It also offers services like watch repairs, valuations, and engraving.

Financially, Griffins Jewellers Ltd presents a mixed picture. While investment property grew by a healthy 9.6%, fixed assets increased by only 8.5%. Cash reserves saw a decline of 45%, dropping to £36,000, and net current assets decreased by 2.4% to £1,700,000. Bank borrowings, however, increased by 27%, reaching £73,000. Creditors also decreased by 12%, suggesting better management of short-term debts. The company meets the criteria for a small business—with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and, as such, is exempt from an audit. The company’s financial statements are therefore unaudited.

The rise in bank borrowings, coupled with the decrease in cash, suggests Griffins Jewellers Ltd may be investing in its business or facing increased operational expenses. The decrease in net current assets could be due to increased inventory levels or delayed customer payments. However, the decrease in creditors shows that the company is managing its short-term liabilities effectively. The company’s long-standing presence and commitment to quality suggest it is a resilient business, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01586944, with a registered address at YO15 2AJ, East Yorkshire, 4 Prospect Street, Bridlington.

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