Jewelcity Limited

Jewelcity Ltd from London UK: a small, active company founded eighteen years ago, employs ten people, and holds £952,394 in assets. It operates from a real address and is managed by three directors, with one owner. The company runs an e-commerce site and enjoys a perfect 5.0 Google rating based on two reviews. Jewelcity regularly imports leather goods, travel bags, and animal harnesses (57 months of import activity, last in January 2025) and exports jewelry, precious stones, and metals (13 months of export activity, last in December 2024).

The company’s website, JewelCity, is a wholesale supplier of scarves, jewelry, and bags, catering to a wide range of countries, including the UK, Australia, and the United States. It offers a minimum order of 50 and boasts fast delivery. The site’s extensive catalog features everything from belts and brooches to sunglasses and tote bags, with a focus on fashion-forward accessories. The site also has a "Sale" section, indicating a desire to clear inventory.

Financially, Jewelcity Ltd presents a mixed picture. Current assets have decreased by 13% to £950,000, while bank borrowings have fallen by 27% to £170,000. Cash reserves, however, have increased by 23% to £160,000. Creditors have also decreased, suggesting improved debt management. 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 for flexibility, but a significant drop in retained earnings—from £190,000 to £270,000—raises questions about profitability. There’s no mention of an auditor, which is typical for small, exempt companies.

The company’s focus on wholesale and international markets suggests a business geared toward volume sales. While the website looks professional and well-stocked, the financial data indicates a need to carefully manage expenses and maintain strong cash flow to ensure long-term sustainability. The company's recent decrease in trade debtors is a good sign, but the drop in retained earnings should be monitored closely.

Registered in England/Wales under the registration number 05930899, with a registered address at NW1 8AH, England, London, Labs Atrium, Chalk Farm Road.

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