Kings Jewellers Ltd.

Kings Jewellers Ltd, based in Washington, UK, is a small, family-run business with an active status. Founded 27 years ago in 1997, the company employs seven people and holds assets totaling £2,276,705. It operates from a real address and is overseen by three directors and two owners. The business imports clocks, watches, and their parts irregularly, with just one month of import activity recorded as of October 2024, while regularly exporting these same items, with four months of export activity up to April 2023.

The company’s website highlights a focus on Swarovski jewellery, crystals, rings, bracelets, and earrings, available both in-store and via phone contact. It suggests a retail operation with a physical presence alongside online or phone-based sales. The website also lists a phone number, 07564501930, which implies a personal touch and direct customer interaction.

Financially, Kings Jewellers Ltd shows a mixed picture. Current assets have increased by 110% to £2,300,000, while net assets have increased by 69% to £1,200,000. Trade creditors have increased dramatically by 480%, reaching £450,000, and trade debtors have increased by 1300%, reaching £3,300. Cash reserves have fallen 50% to £18,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the increase in creditors and debtors suggests a need for careful cash flow management. The company is exempt from an audit, so the figures are unaudited.

Overall, Kings Jewellers Ltd appears to be growing, but it's important to monitor its cash flow and manage its debts effectively. The family-run nature of the business, combined with its focus on Swarovski products, suggests a commitment to quality and customer service—but the financial pressures are evident.

Registered in England/Wales under the registration number 03486712, with a registered address at NE38 7RR, England, Washington, 70 The Galleries Washington Centre.

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