Gus Jones (jewellers) Limited

Gus Jones Jewellers Ltd from Newport UK is a small, active company founded 48 years ago. With 27 employees and £998,803 in assets, it’s a well-established family business. The company operates from a virtual address—meaning several businesses share the same registered location—and is led by five directors, including the solo founder, Jones Michael.

The business specializes in the retail sale of watches and jewellery, both in a physical store and online. While a website isn’t readily available, the company's activities suggest a focus on traditional jewellery sales, possibly with a growing online presence.

Financially, Gus Jones Jewellers Ltd appears stable, though with some concerning trends. Current assets increased by 5.1% to £1,000,000, indicating healthy short-term liquidity. However, net assets also grew by 1.7% to £1,300,000, suggesting a reliance on debt. Bank borrowings surged by 2,400%, reaching £29,000, and creditors rose 35% to £34,000. Depreciation charges for property and equipment remained consistent, at £27,000, and employee numbers decreased slightly from 27 to 25. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the increase in debt warrants attention. The unaudited figures—as the company is exempt from an audit—rely on director-reported data.

Overall, Gus Jones Jewellers Ltd seems to be a resilient business navigating the challenges of a competitive market. The company's long history and experienced leadership suggest a solid foundation, but careful management of debt will be crucial for continued success.

Registered in England/Wales under the registration number 01290871, with a registered address at NP20 4PG, Wales, Newport, 21 Gold Tops.

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