Michael Matthews Jewellery Limited

Michael Matthews Jewellery Ltd, based in Merseyside, UK, is a small, family-run business with an active status. Established 26 years ago in 1999, it employs 13 people and holds £3,943,427 in assets. Operating from a virtual address—with 30 companies registered at the same location—it’s managed by four directors and two owners. The company regularly imports jewelry, precious stones, and metals (for 10 months), and exports clocks, watches, and their parts (for 3 months).

The company's website showcases a diverse selection of Rolex watches and fine jewelry, available both online and through physical showrooms in Bournemouth and Fareham. It’s clear that Michael Matthews Jewellery caters to a high-end market, offering pre-owned watches, branded jewelry, and even restoration services. The website also highlights a strong social media presence, encouraging customers to follow their Instagram accounts for news and events. The site is currently undergoing construction to offer a user-friendly experience.

Financially, Michael Matthews Jewellery Ltd presents a mixed picture. Accumulated depreciation for computer equipment increased by 9.8%, while furniture fittings saw a more modest 1.7% rise. Bank borrowings surged by 21%, reaching £360,000, and cash reserves jumped a significant 150% to £52,000. However, trade debtors ballooned by 250%, suggesting potential issues with customer payments. Despite a 3.4% increase in creditors, net assets only increased by 2.1%. 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 nimble, but the increase in debtors needs to be monitored. As a small company, it is exempt from an audit, relying on unaudited financial statements.

Registered in England/Wales under the registration number 03697318, with a registered address at L20 7DA, Merseyside, 99 Stanley Road, Bootle.

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