Iconic Jewellery Store Limited

Iconic Jewellery Store Ltd from Canterbury UK is a small, active company founded five years ago. With ten employees and £234,029 in assets, it's a family-run business operating from a real address. A solo founder, also acting as director and owner, manages the company, which boasts a perfect 5.0 Google rating based on 56 reviews. The business primarily sells watches and jewellery online via its e-commerce site, but also imports furniture, lighting, and prefabricated buildings – though only irregularly, with the last import occurring over a year ago.

The company's website showcases a wide range of brands, from ChloBo to Zedd, and offers services like wedding jewellery design and even welded jewellery. It emphasizes affordability, a 30-day return policy, and a friendly atmosphere, both online and in its Ashford store. The site also features a comprehensive list of countries it ships to, highlighting its international reach.

Financially, Iconic Jewellery Store Ltd's recent performance presents a mixed picture. While current assets increased slightly to £230,000, net assets plummeted 32% to -£590,000. Bank borrowings surged by 18% to £570,000, and cash reserves fell 71% to just £1,600. Trade creditors decreased by 75%, which is a positive sign, but the significant equity decline suggests the company is burning through cash. The company is small, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), and is exempt from an audit.

The rise in borrowings and the drop in cash reserves could be due to increased investment in inventory or marketing efforts to support the e-commerce business. However, the substantial net loss indicates a need to carefully manage expenses and potentially explore new revenue streams.

Registered in England/Wales under the registration number 12560469, with a registered address at CT1 2HA, England, Canterbury, Kent, 25 Burgate.

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