Ian Blowers Jewellers Limited

Ian Blowers Jewellers Ltd, based in East Yorkshire, UK, is a small holding company with an active status, celebrating 26 years in business. The company employs seven people and holds assets valued at £6,692,533. It operates from a real address and is overseen by one director and one owner. The business regularly imports clocks, watches, and their parts (for three months), and exports them (for 33 months), with the latest export activity recorded in October 2024.

The company’s website showcases a focus on pre-owned luxury watches, with both a physical store in Kingston Upon Hull and a Mayfair location in London. It sells a wide range of brands, from Rolex and Patek Philippe to Zenith and Tag Heuer, and offers services like part exchange, finance, and watch winding. The website also highlights a commitment to expert valuations and a relaxed approach to customer service. It's clear they are targeting a high-end market, emphasizing the rarity and prestige of their offerings.

Financially, Ian Blowers Jewellers Ltd presents a mixed picture. Current assets have decreased by 5.8% to £6,700,000, while net assets have also fallen slightly. Bank borrowings have reduced by 20%, and cash reserves have dropped by 23%, indicating a potential need to manage liquidity. Creditors have seen a significant decrease of 49%, which is a positive sign for debt management. The company’s small size—meeting two of three conditions for a small company—allows for agility, but the decline in equity warrants further investigation. The accounts are unaudited, a common occurrence for companies of this size, and there's no mention of an auditor.

The company’s focus on pre-owned luxury watches and its dual-location presence suggest a strategy of capitalizing on the growing demand for high-end timepieces. However, the financial data hints at challenges in maintaining profitability and managing cash flow. It will be interesting to see how the company navigates these pressures in the coming years.

Registered in England/Wales under the registration number 03770603, with a registered address at HU1 3EA, East Yorkshire, 43 Savile Street, Hull.

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