Jamjar (63) Ltd

Jamjar (63) Ltd, based in Upminster, UK, is a small, active company founded eleven years ago in 2013. With just one employee and £8,745 in assets, it’s a solo venture led by a single director and owner, Rolls Kevin Terence. The company operates an e-commerce site specializing in wholesale glass jars, bottles, and lids for preserving needs—a niche market catering to both businesses and hobbyists. Its website, Jam Jar Shop, offers a wide range of products, from traditional jam jars to specialized equipment, alongside recipes and preserving tips.

While the website showcases a diverse product line and a commitment to customer service, the financial picture reveals some challenges. Cash bank on hand has drastically decreased by 90% to just £260, and current assets have fallen by 57% to £8,700. Net assets and liabilities have both increased by 38% to -£14,000, indicating a growing deficit. Trade debtors have also decreased by 44%, suggesting slower payments from customers. Despite these pressures, creditors have decreased by 26%, which is a positive sign. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the significant drop in equity raises concerns.

It’s worth noting that the company’s property, plant, and equipment hasn’t changed much, remaining at £1,300. The company’s inventories have also decreased by 54%, suggesting a possible shift in purchasing habits or reduced demand. With no auditor mentioned, the financial statements are unaudited. Overall, Jamjar (63) Ltd appears to be navigating a period of financial strain, although its specialized product offering and online presence provide a foundation for potential recovery.

Registered in England/Wales under the registration number 08789479, with a registered address at RM14 3QH, Upminster, Essex, Swallow Barn Church Lane, North Ockendon.

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