Jewelstar Ltd

Jewelstar Ltd is a small, active company based in London, UK, founded eight years ago in 2016. With just one employee and £162,618 in assets, it operates as a solo-founder venture with a virtual address shared by thirty-three other companies. The company has one director and owner, Tandara Ronny. Jewelstar Ltd runs an e-commerce site specializing in the wholesale of watches and jewellery, and regularly imports jewelry, precious stones, and metals – with the last import operation occurring three months ago in September 2023.

The company’s website, Jewelstar Fine Diamond Jewellery, showcases a wide range of diamond jewellery, including rings, pendants, earrings, and bracelets, available in various styles and settings. It caters to both retail and trade customers, offering a 20% discount on online orders and a factory tour information section. The site also features a B2B section for trade-only customers, with options for creating accounts and receiving exclusive emails. It's clear they are trying to reach a wide range of clients.

Financially, Jewelstar Ltd’s recent performance shows some concerning trends. Current assets have significantly decreased by 52%, falling to £160,000, while net assets have also declined, although less dramatically, rising by 22% to £15,000. Trade debtors have plummeted by 65%, indicating a substantial reduction in outstanding payments, and bank borrowings have increased, reaching £43,000. Cash reserves have also fallen, though not as sharply as other metrics. 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 is exempt from a full audit, so the figures are unaudited.

While Jewelstar Ltd's e-commerce site appears to be active, the financial data suggests the company is facing some challenges. The decrease in assets and increase in borrowings could be a sign of a startup burning through cash, or perhaps a strategic investment in inventory or marketing. It's difficult to say for sure without more information.

Registered in England/Wales under the registration number 10406238, with a registered address at EC4A 2AB, England, London, 107-111 Fleet Street.

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