Hancocks Jewellers Limited

Hancocks Jewellers Limited, based in Manchester, UK, is a small, active company with a rich history spanning 43 years. Founded in 1981 by a solo entrepreneur, Lunt Roy, the business now employs eight people and holds assets valued at £2,830,058. It operates from a real address on King Street and is managed by a single director, also Lunt Roy, and one owner. The company runs an e-commerce site and regularly imports jewelry, precious stones, and metals, with 11 months of import activity recorded, the latest in October 2024.

The company’s website showcases a wide range of luxury jewelry, engagement rings, and bridal collections, alongside Georg Jensen designs. It emphasizes bespoke ring design, expert craftsmanship, and a commitment to customer service. The website also features a blog offering advice on jewelry care and style, and a dedicated section for new arrivals. It’s clear Hancocks is positioning itself as a premium retailer, catering to a discerning clientele.

Financially, Hancocks Jewellers Limited presents a mixed picture. While cash reserves increased significantly by 690% to £11,000, net assets declined by 4.7% to £2,200,000. Bank borrowings decreased by 10%, reaching £59,000, and trade debtors fell by 47% to £16,000. Creditors, however, rose by 14% to £670,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible, but the decrease in net assets warrants further scrutiny. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s focus on high-end products and bespoke services suggests a strategy of differentiation, but the financial data indicates it’s navigating a challenging environment. Whether the business can sustain its growth and profitability remains to be seen, but its long history and established reputation provide a solid foundation for the future.

Registered in England/Wales under the registration number 01585855, with a registered address at M2 6AF, Manchester, 29 King Street.

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