Jewel Stores Limited

Jewel Stores Limited, based in Derby, UK, is a small, active company founded 19 years ago. With 33 employees and £1,499,465 in assets, it operates from a virtual address, a detail that’s a little concerning given 113 companies share the same location. The business is overseen by two directors and two owners, though the ownership list changed a year ago. Jewel Stores regularly imports and exports clothing and accessories – not knitted or crocheted – with 264 months of import activity and 11 months of export activity recorded.

The company’s website, Diamond Jewelry United, is a fully functioning e-commerce platform specializing in diamond engagement rings, jewelry, and related accessories. It offers a wide range of products, from classic round-cut diamonds to more unique shapes like pear and marquise, catering to diverse tastes and budgets. The site emphasizes ethically sourced diamonds, a 60-day return policy, and free international delivery, all designed to build customer trust and drive sales. It also features a blog with helpful articles on topics like diamond care, engagement proposal planning, and the different types of gold.

Financially, Jewel Stores Limited presents a mixed picture. While turnover remains undisclosed, current assets have fallen by 12% to £1,500,000. Bank borrowings have decreased significantly by 25% to £480,000, a positive sign. However, creditors have increased by a substantial 37% to £2,100,000, and equity has plummeted by 440% to -£600,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, and the unaudited financial statements rely on director-reported data. Trade debtors have also increased, which may indicate issues with customer payments.

Despite the concerning equity drop, the company’s online presence and focus on ethical sourcing suggest it’s actively working to maintain a competitive edge. The decrease in bank borrowings is a good sign, but the rising creditor levels warrant further attention.

Registered in England/Wales under the registration number 05676732, with a registered address at DE1 3DE, United Kingdom, Derby, 47a Queen Street.

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