Love For Diamonds Limited

Love For Diamonds Ltd: a small, active company founded 35 years ago, operates as a bespoke jeweller in Glasgow, Scotland. With six employees and £1,085,478 in assets, it's a family business led by two directors and a solo founder, Anne Love. The company regularly imports jewelry, precious stones, and metals (12 months) and exports them (7 months), showcasing a blend of international trade and local craftsmanship.

The business, operating from a real address at 5 St. Vincent Place, Glasgow, is not open to the public but offers appointments only, ensuring personalized attention to clients. It specializes in creating stunning, bespoke diamond rings, earrings, and pendants, catering to a high-end market. It’s also a member of the London Diamond Bourse and the Gemmological Association of Great Britain, highlighting its commitment to quality and industry standards. The company’s website showcases a vintage-inspired necklace and offers a relaxed environment for customers to choose their perfect ring.

Financially, Love For Diamonds Ltd presents a mixed picture. Cash bank on hand decreased by 9.5% to £360,000, while current assets dropped by 6.1% to £1,100,000. Trade debtors decreased by 35% to £11,000, suggesting improved collection efficiency. However, amounts owed to directors increased dramatically by 240% to £48,000. Net assets also declined slightly by 1.4% to £1,700,000. Despite these fluctuations, the company remains small, meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The lack of an auditor—likely due to its small size—means the financial statements are unaudited.

Overall, Love For Diamonds Ltd appears to be navigating a period of change. While its bespoke jewellery business seems to be thriving, the financial data indicates some pressures. The company's long-standing reputation and membership in respected trade organizations suggest a commitment to quality and a potential for continued success, but careful financial management will be key.

Registered in Scotland under the registration number SC124783, with a registered address at G1 2DH, 5 St.Vincent Place, Glasgow.

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