Kensington Mint Limited

Kensington Mint Limited is a small, active company based in Bournemouth, UK, founded three years ago. It’s currently facing confirmation overdue by five months, employs seven people, and holds £352,707 in assets. The company operates an e-commerce site and is an irregular importer of jewelry, precious stones, and metals, with its last import operation made in November 2024. It's run by one director and one owner, Coe George.

The company specializes in sourcing and supplying rare coins in the United Kingdom and around the world, offering expert advice and personalized recommendations to collectors. Its website showcases a wide range of coins, including the 1953 Premium Coronation Collection, Beatrix Potter 50p coins, and Princess Diana commemorative sets. It even has a range of Harry Potter coins, and King Henry VIII coins. The website also offers a range of services, including coin restoration and disaster recovery.

Financially, Kensington Mint Limited is showing some concerning trends. While cash bank on hand increased by 72% to £20,000, net assets plummeted 380% to -£60,000. This significant drop in equity is a red flag. Trade debtors have also increased by 220%, reaching £250,000, which could indicate difficulties in collecting payments. Creditors have risen sharply too, by 190% to £120,000. The company’s average number of employees increased by 43% to ten, which could be a reason for the increased expenses. The company is exempt from audit as a small company, so the figures are unaudited.

It’s clear that Kensington Mint Limited is facing financial challenges despite its niche market and well-presented website. Whether it can sustain its operations and continue to offer its specialized services remains to be seen.

Registered in England/Wales under the registration number 13676348, with a registered address at BH1 2EF, England, Bournemouth, Hinton Chambers, Hinton Road.

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