Justin Duance Limited

Justin Duance Limited, based in Penzance, UK, is a small, active company founded nine years ago. With eleven employees and £374,598 in assets, it’s a thriving business operating from a real address and managed by two directors and owners. The company has a 5.0 Google rating based on 113 reviews, indicating high customer satisfaction, and runs an e-commerce site. Justin Duance Limited regularly imports jewelry, precious stones, and metals (for four months), and exports them (for three months).

The company specializes in contemporary jewelry, crafting pieces from recycled metals, ethical gemstones, and salvaged woods, often incorporating beach sand. Its website showcases a diverse range of products, including rings, earrings, pendants, and cufflinks, alongside made-to-order commissions and vintage diamond collections. It even has a separate division dedicated to piano restoration, operating from Cambridge with a showroom in Harrods.

Financially, Justin Duance Limited’s recent performance shows some concerning trends. Cash bank on hand has dramatically decreased by 81%, falling to £60,000. Current assets have also declined significantly, dropping 42% to £370,000. Trade debtors remain steady, though, at £200,000. On a more positive note, creditors have decreased by 6.3%, suggesting improved debt management. The company’s small size—meeting two of three conditions for being classified as small—allows for agility, but the sharp decline in cash reserves warrants attention. The company is exempt from an audit, so the financials are unaudited.

The company’s net assets have increased by 1%, to £630,000, but the decrease in cash flow suggests it's burning through money faster than it's bringing it in. Whether this is a temporary setback or a longer-term issue remains to be seen, but Justin Duance Limited’s reputation for quality and unique designs will be key to navigating these financial pressures.

Registered in England/Wales under the registration number 09649347, with a registered address at TR20 8UF, England, Penzance, Cornwall, Trengwainton Pumphouse, Tremethick Cross.

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