Lance James The Jewellers Ltd

Lance James The Jewellers Ltd, based in Chelmsford, UK, is a small, family-run business with an active status. Founded 21 years ago, the company employs just two people and holds £124,648 in assets. It operates from a virtual address – a bit unusual as 244 other companies are also registered there – and is managed by three directors and two owners. The company’s Google rating is a perfect 5.0 based on 20 reviews, a testament to its customer service. It's an irregular importer, bringing in jewelry, precious stones, and metals, with the last import recorded just a month ago in July 2024.

The company’s website, lancejamesjewellers.co.uk, showcases a wide range of wedding rings, from traditional diamond sets to contemporary designs crafted from materials like carbon fibre, tantalum, and zirconium. It’s clearly focused on the wedding market, offering personalized appointments with a Goldsmith and even a ring sizing kit. The site also highlights the company's history, explaining that Lance James started in Brentwood and has embraced e-commerce after almost 25 years on the high street. It's a clever move, allowing them to reach a wider audience while still offering bespoke commissions.

Financially, Lance James The Jewellers Ltd presents a mixed picture. While cash bank on hand has increased significantly by 160%, reaching £99,000, current assets have decreased by 1.1% to £120,000. Debtor’s have plummeted by a whopping 98%, suggesting a potential issue with customer payments or a change in sales terms. Equity has also declined by 12% to £110,000. Creditors have increased by 190%, which could be due to increased stock purchases to support the e-commerce operation. 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 for flexibility, but the decrease in equity warrants further investigation. As a small company, it’s likely exempt from an audit, so the figures are unaudited. Overall, Lance James The Jewellers Ltd seems to be navigating the challenges of running a small business in a competitive market, and its focus on quality and customer service appears to be paying off.

Registered in England/Wales under the registration number 05028399, with a registered address at CM2 0AW, England, Chelmsford, Essex, 146 New London Road.

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