Mb Jewellery (uk) Ltd

Mb Jewellery (uk) Ltd, based in Shirley, UK, is a small, active company founded five years ago. With three employees and £416,342 in assets, it’s a solo-founder operation managed by a single director. The company has a real registered address and boasts a stellar 5.0 Google rating from eleven reviews. It’s an irregular importer of jewelry, precious stones, and metals (last import December 2022) and exports clocks, watches, and their parts (last export February 2024).

The company’s website, LB Bullion, positions itself as a trusted dealer of gold, silver, platinum, and palladium. It offers services including buying unwanted jewelry, providing free valuations, and even offering an “instant cash” form for urgent sales. The site also features a separate section dedicated to selling gold bars and coins, available for purchase in-store only. It seems they’re doing well with the website and online presence.

Financially, Mb Jewellery (uk) Ltd’s numbers paint a mixed picture. While cash reserves increased by a significant 200%, reaching £5,200, net assets took a dramatic hit, plummeting 300% to -£29,000. Trade debtors decreased by 35%, which is good, but bank borrowings increased by a staggering 2,400%, reaching £29,000. Creditors also increased by 19%, to £34,000. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit, so the figures are unaudited.

It’s clear that the company is facing financial pressures despite its positive online reviews and strong Google rating. The sharp decline in equity suggests a challenging period, and the increased borrowings indicate a reliance on external financing. Whether the company can sustain its operations and continue to thrive remains to be seen—but their focus on precious metals and online sales gives them a good base.

Registered in England/Wales under the registration number 12025509, with a registered address at B90 1ER, England, Shirley, Solihull, 2 Crown Works Crescent.

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