Krypton Jewellers Limited

Krypton Jewellers Limited, a small, active company based in Birmingham, West Midlands, UK, has been crafting and selling jewellery for 22 years. Founded in 2002, it employs 28 people and holds assets valued at £1,044,497. With a real address and a single director, the company has a solid 5.0 Google rating based on 27 reviews. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import activity recorded two months ago in March 2020.

The company operates in the retail sale of watches and jewellery in specialised stores, and its website, while not detailed, suggests a focus on traditional jewellery sales. It's a small company, meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). It’s a private limited company, and its directors have elected not to include a copy of the profit and loss account within the financial statements.

Looking at the financials, Krypton Jewellers Limited shows a mixed picture. Current assets have decreased by 9%, falling to £1,000,000, while net assets have also dipped slightly to £920,000. Bank borrowings have decreased significantly by 32%, down to £52,000, and cash reserves have fallen by nearly half, to £39,000. Creditors have also decreased by 21%, suggesting improved debt management. Trade debtors have risen by 2.4%, which could be a sign of increased sales or a change in payment terms. The company’s small size allows for agility, but the decrease in cash reserves and slight drop in net assets are worth noting. The company’s accounts are unaudited, likely due to its status as a small company.

The company’s financial data indicates a period of adjustment. While it’s maintaining a healthy asset base and reducing its reliance on bank borrowings, the decline in cash reserves suggests it may be reinvesting in the business or facing increased operating expenses. The increase in trade debtors could be a temporary blip or a sign of a shift in customer payment habits. Overall, Krypton Jewellers Limited appears to be navigating a period of change, but its long-standing presence and positive customer reviews suggest a resilient business.

Registered in England/Wales under the registration number 04584887, with a registered address at B18 6BS, West Midlands, 21-22 Hall Street Hockley, Birmingham.

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