Michaels Jewellers Limited

Michaels Jewellers Ltd from Darlington, UK, is a small, active family business established nine years ago. With eight employees and £202,141 in assets, it operates from a virtual address, a detail that raises some questions. The company is led by three directors and owned by two individuals, Toshach Michael Lawson and Toshach Eirene Joyce. It's a regular importer, bringing in jewelry, precious stones, and metals for the past 21 months, with the most recent import occurring in February 2025.

The business, with its two stores in Beccles and Hellesdon, specialises in traditional jewelry retail, offering new, pre-owned, and watch options, alongside repairs and buying services. It caters to a wide range of customers, from those seeking gifts to those needing watch battery replacements. The company’s website highlights its long-standing presence (over 20 years), its passion for jewelry, and its commitment to excellent customer service. It’s a full-service jeweller, offering everything from watch repairs to custom alterations.

Financially, Michaels Jewellers Ltd shows a mixed picture. Accrued liabilities have risen significantly, increasing by 620%, while merchandise has jumped 55%. However, cash bank on hand has fallen by 10%, and net assets have dropped by 40%. Bank borrowings have increased slightly, and trade creditors have risen by 67%. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decline in equity suggests potential financial pressure. The lack of an auditor mentioned is not unusual for a small company. It's clear that the company is facing some challenges, but its established presence and diverse services could help it navigate these difficulties.

Registered in England/Wales under the registration number 09917922, with a registered address at DL1 1GB, United Kingdom, Darlington, 24 St Cuthberts Way.

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