Jewellery Cave Limited

Jewellery Cave Ltd from London UK: a small, active company founded 16 years ago, employs four people, and holds £405,724 in assets. Operating from a virtual address, it’s a family business with two directors and two owners, running an e-commerce site. The company regularly imports jewelry, precious stones, and metals (for 11 months), and exports them too (for 5 months).

The company operates in the manufacture of jewellery and related articles industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The registered address is probably virtual as 204 companies registered at the same address.

Looking at the financial data, things are a little mixed. Cash reserves fell by 24%, dropping to £28,000, and net assets took a significant hit, plummeting 30% to £120,000. Bank borrowings increased by 16%, reaching £26,000. On the plus side, creditors decreased by 16%, suggesting improved debt management. Trade debtors also went down by 11%, which is a good sign.

The company's assets are held in finished goods, with a rise of 5.9% to £300,000. The company's liabilities are also up, with trade creditors rising by 21% to £160,000. It’s worth noting that the company’s equity has decreased significantly, which could be due to reinvestment in the business or perhaps a change in accounting practices. There's no mention of an auditor, which is typical for a small company exempt from an audit.

The company’s financial situation suggests it’s facing some challenges, but it’s also demonstrating some resilience. The decrease in cash reserves and the decline in equity are concerning, but the reduction in debt and the growth in finished goods indicate that the business is still generating revenue.

Registered in England/Wales under the registration number 06616633, with a registered address at N3 2LT, United Kingdom, London, First Floor, 314 Regents Park Road, Finchley.

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