Mg Diamonds Ltd

  • Small
  • Active
  • 19 years
  • 2 employees
  • £271,704 (assets)
  • Real address
  • 2 directors
  • 2 owners
  • Irregular importer
  • Family business
  • E-commerce

Field of Operation

Wholesale of watches and jewellery
46480 4015 companies

Social media

Summary

Mg Diamonds Ltd is a small, family business registered in England/Wales with the registration number 05537249. Founded nineteen years ago on August 16, 2005, it’s based at E5 9BN, 16 Lingwood Road, London – a real address shared by only one other company. The company’s status is active, and it employs just two people, overseen by two directors and two owners, Gertner Esther Rachel and Gertner Mendi. It operates an e-commerce site selling jewellery and accessories, with a focus on Bala earrings, necklaces, and rings. It also imports clocks, watches, and their parts, though irregularly, with the last import recorded over two years ago.

The company’s website, M.G Gold Diamonds Pvt.Ltd, highlights its decade-long presence in the gold and diamond jewellery business in Kolkata. It positions itself as a leading jewellery house, emphasizing bold designs, trust, and purity. The site showcases a wide range of products, including earrings, necklaces, rings, and bangles, with a focus on gold-plated and CZ-solitaire pieces. It offers free shipping on orders over Rs. 999 and promotes its commitment to customer service and flexible payment options.

Financially, Mg Diamonds Ltd presents a mixed picture. While current assets remain relatively stable at £270,000, net assets increased to £140,000. However, cash bank on hand experienced a significant drop of 80%, falling to just £3,900. Bank borrowings also increased, with current financial instruments rising to £10,000. Creditors, however, decreased, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in cash reserves warrants attention. The company is exempt from an audit, and the financial statements are unaudited. It is important to note that the company’s financial data is not exhaustive.

Registered in England/Wales under the registration number 05537249, with a registered address at E5 9BN, 16 Lingwood Road, London.

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

Owners & PSC

  • 1 year
  • 1
  • 25%+
  • 1 year
  • 2
  • 25%+

Managers

  • 19 years
  • 2
Director
  • 19 years
  • 2
Secretary

Last reports

Download the last financial report
Download the last confirmation report
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Last news

  1. Previous accounting period shortened from 2024-09-29 to 2024-09-28
  2. Confirmation statement made on 2025-03-23 with no updates
  3. Total exemption full accounts made up to 2023-09-30
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Importer profile by HS codes

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Last imported products

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