Laxmi Jewellers Uk Limited

Laxmi Jewellers Uk Limited, based in Walsall, West Midlands, is a small, active company established 24 years ago. With five employees and £1,959,513 in assets, it’s a well-established operation run by two directors and one owner, boasting an impressive Google rating of 5.0 from 284 reviews. The company primarily imports clothing and accessories made by knitting or crocheting, with recent activity recorded just one month ago.

The business operates in the wholesale of watches and jewellery, and also engages in letting and operating of own or leased real estate. It’s a family-run affair, with Bobby Verma and Vijay Verma listed as directors. The company's website is not available, so it’s unclear if they have an e-commerce presence.

Financially, Laxmi Jewellers Uk Limited presents a mixed picture. Current assets have decreased by 47%, dropping to £2 million, while bank borrowings have decreased by 62%, now at £14,000. Cash reserves, however, have seen a significant boost, increasing by 74% to £490,000. Trade debtors have fallen sharply, down 81% to £550,000, suggesting improved collection efforts. Despite these positive trends, net assets have remained flat at £2.4 million. The company’s small size (meeting two of three conditions for a small company) helps maintain agility. With no auditor mentioned, the figures are unaudited.

Overall, Laxmi Jewellers Uk Limited appears to be navigating a period of change. The decline in current assets and increase in cash reserves suggest a focus on managing liquidity, while the improved collection of debts points to efficient operations. The company’s long-standing presence and positive customer reviews indicate a solid foundation, but continued monitoring of financial performance is advisable.

Registered in England/Wales under the registration number 04008725, with a registered address at WS2 9QL, West Midlands, 207 Wednesbury Road, Walsall.

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