Littlesmith Ltd

Littlesmith Ltd is a small, active company based in London, UK, founded eight years ago in 2016. With 17 employees and £532,058 in assets, it operates from a virtual address – a fact highlighted by the presence of 18 other companies registered at the same location. The company is led by a single director and owner, Patikit Preecha, who also serves as the solo founder. Littlesmith Ltd regularly imports jewelry, precious stones, and metals, with 14 months of import activity recorded, the last in December 2022. The company’s website, MyLittleSmith, focuses on creating personalized jewelry, offering customers the ability to spell out names or initials on bracelets and necklaces. The site emphasizes quality materials and a bespoke experience, catering to a market seeking unique, custom-made items.

Littlesmith’s website, with its focus on custom jewelry, suggests an e-commerce operation, and the site’s design reinforces this impression. The site is clean, easy to navigate, and features high-quality product images. It incorporates Shopify, a popular e-commerce platform, and accepts payments via Visa, Mastercard, American Express, and PayPal. The site’s blog content, while limited, reinforces the brand’s focus on personalization and quality. It’s clear that Littlesmith is leveraging online channels to reach its target audience.

Financially, Littlesmith Ltd presents a mixed picture. Current assets increased by 14% to £530,000, while cash reserves grew by 22% to £460,000. However, trade debtors decreased by 32%, suggesting potential issues with customer payments. Bank borrowings also increased, although it’s not clear if this is a new loan or an increase in existing debt. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in debtors is something to keep an eye on. With no auditor mentioned, the figures are unaudited. The company’s retained earnings accumulated losses increased by 13% to £500,000.

Registered in England/Wales under the registration number 10470795, with a registered address at E1 6QL, England, London, 91 Brick Lane.

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