Jewellery Design Ltd

Jewellery by Design, based in Linlithgow, UK, is a small, active company founded four years ago. With a single employee and £11,028 in assets, it operates from a real registered address and is led by a director and owner, Halmos Gil. The business runs an e-commerce site specializing in engagement and wedding rings, diamond jewellery, and bespoke designs. It also features a physical shop in Linlithgow, offering services like ring redesign and jewellery repair. The company imports jewelry, precious stones, and metals, with two months of import activity recorded, the last in October 2022.

The website showcases a wide range of jewellery, including engagement rings, wedding bands, diamond jewellery, and lab-grown diamonds. It also features brands like Kit Heath, Linda MacDonald, and Sheila Fleet, alongside its own Palace Collection. The site offers online orders with click-and-collect options and highlights services like ring cleaning, rhodium plating, and bespoke design consultations. It's clear they are trying to offer a full service, from online sales to in-person expertise.

Financially, Jewellery by Design Ltd presents a mixed picture. While current assets increased by 12% to £11,000, net assets improved significantly, jumping from -£4,100 to £440. However, cash reserves declined by 17% to £5,100, and bank borrowings increased. Trade debtors rose significantly by 60%, which could indicate a delay in payments. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no mention of an auditor, which is common for small companies.

Overall, Jewellery by Design Ltd appears to be navigating a period of change. The increase in net assets is a positive sign, but the rise in trade debtors and decline in cash reserves suggest a need for careful financial management. It seems like they are working to grow their business, but they need to keep an eye on their cash flow.

Registered in England/Wales under the registration number 13023835, with a registered address at BN1 1UJ, England, Brighton, East Sussex, 100 Church Street.

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