Md Jewellers Ltd

Md Jewellers Ltd, based in Grantham, UK, is a small, active company founded seven years ago. With five employees and a real address, it’s a family-run business overseen by one director and owner. The company boasts a stellar 5.0 Google rating from 80 reviews, a testament to its reputation. It’s an irregular importer of jewelry, precious stones, and metals, with just one month of import activity recorded as of July 2022.

The company operates a retail store and workshop, offering a range of services from jewelry valuations and bespoke design to repairs and restoration. Its website highlights a focus on personalized luxury and traditional craftsmanship, with a separate section dedicated to piano restoration—a venture seemingly unrelated to the jewelry business. The company’s website is a modern ecommerce site, showcasing its services and products.

Financially, Md Jewellers Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 42%, while furniture fittings saw a 10% rise—suggesting investment in the workshop. Bank borrowings decreased by 8.8%, a positive sign, but creditors increased by 29%, which could indicate challenges in managing short-term debts. Equity rose by 26%, a good sign, but net assets decreased by 24%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the changes in creditors and net assets warrant closer attention. No auditor is mentioned, likely due to its small size and exemption from an audit.

Overall, Md Jewellers Ltd appears to be navigating a period of change, investing in its operations while managing its financial obligations. The dual nature of the business—jewelry and pianos—adds complexity, and its long-term success will depend on its ability to balance these ventures effectively.

Registered in England/Wales under the registration number 11198916, with a registered address at NG31 6LE, England, Grantham, Lincolnshire, 84 Westgate.

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