Lihiniya Gems Ltd

Lihiniya Gems Ltd from Sunderland UK: small company, active status, founded 5 years ago, £2,006 assets, real address, 1 director, 1 owner, e-commerce site. The company operates in the retail sale via mail order houses or via internet industries. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £2,006.

The company’s website, Lihiniya Gems, presents a picture of a long-standing business, “Since 1983.” It’s a vibrant e-commerce platform specializing in Ceylon sapphires and custom jewellery. The site showcases a wide range of gemstones, silver, gold, and platinum jewellery, alongside services like gemstone certification and mail-order options. It’s clear that the business is focused on high-quality gemstones and personalized service, with a strong emphasis on its 40-year reputation and TripAdvisor accolades. The site even boasts of being the only jeweller in Sri Lanka to win the TripAdvisor Certificate of Excellence seven times in a row.

Financially, Lihiniya Gems Ltd’s numbers paint a somewhat concerning picture. Net assets declined by 13% to -£9,200, and cash bank on hand increased by 60% to £1,900, which is good news. However, accrued liabilities rose by 100% to £900, and creditors increased by 18% to £11,000. Loans from directors surged by 57% to £8,000, which might suggest reliance on personal funding. Trade debtors remained unchanged at £130. The company’s small size and lack of employees (zero reported) keep overheads low, but the declining equity and rising debts are a cause for concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Lihiniya Gems Ltd seems to be facing some financial pressures despite its strong online presence and long-standing reputation. The company’s ability to sustain its operations and continue investing in its business will depend on its ability to manage its debts and generate consistent revenue.

Registered in England/Wales under the registration number 12335061, with a registered address at SR2 7PH, England, Sunderland, 10a Western Hill.

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