Mark Worthington Jewellers Ltd

Mark Worthington Jewellers Ltd, based in Cheshire, UK, is a small, active company with a 26-year history. Founded by a solo entrepreneur, it currently employs 11 people and holds assets totaling £6,249,466. The business, overseen by three directors and one owner, operates from a real address and is a regular importer and exporter of clocks, watches, and their parts, with 21 months of import activity and 84 months of export activity.

The company's website is not available, making it difficult to assess its online presence and e-commerce activities. However, it appears to be primarily focused on the retail sale of watches and jewellery, operating within specialised stores.

Financially, Mark Worthington Jewellers Ltd presents a mixed picture. While net assets increased by 8%, reaching £5.3 million, other key indicators show signs of pressure. Cash reserves declined by 37%, falling to £1.5 million, and bank borrowings, despite being zero, could be a concern. Trade creditors decreased by 35%, which is a positive sign, but a significant rise in corporation tax payable (240%) suggests potential tax liabilities. The company’s employee numbers have also decreased by 18%, from 11 to 9. 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 agile. The financial statements are unaudited, as is typical for small companies.

The company’s regular import and export activity indicates a focus on international trade, but the decrease in cash reserves and rise in corporation tax payable warrants close monitoring. It’s unclear if the company is burning through money, but the trends suggest a need for careful financial management.

Registered in England/Wales under the registration number 03730070, with a registered address at SK9 5AE, Cheshire, 23 Water Lane, Wilmslow.

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