Monaghan Jewellers Limited

Monaghan Jewellers Ltd from Dumfries UK: a small, active company founded 21 years ago, employs 19 people, and holds £1,605,736 in assets. It operates from a virtual address, managed by two directors and one owner, and features an e-commerce site with a stellar 5.0 Google rating based on 93 reviews. The company regularly imports clocks, watches, and their parts, with recent activity recorded three months ago.

The company’s website showcases a wide range of jewellery, watches, and related services, including engagement rings, wedding bands, and a diverse selection of brands like Nomination, Thomas Sabo, and Olivia Burton. It also offers a range of services, such as custom ring design and in-store appointments. The site's layout is clean and easy to navigate, and it includes detailed product descriptions and high-quality images. The website is clearly designed to drive online sales, with a prominent "My Cart" section and secure payment options.

Financially, Monaghan Jewellers Ltd presents a mixed picture. While current assets increased slightly to £1,600,000, net assets dropped by 3.8% to £1,700,000. Bank borrowings increased by 200%, reaching £29,000, and cash reserves decreased by 22% to £180,000. Creditors also rose by 8.7%, suggesting a need to manage debt. The company’s small size—meeting two of three conditions for being considered small—helps it maintain agility, but the decline in equity warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Monaghan Jewellers Ltd seems to be a well-established business with a strong online presence and a loyal customer base. However, the financial data suggests that the company may be facing some challenges, and it will be important for management to monitor its performance closely.

Registered in Scotland under the registration number SC257901, with a registered address at DG1 1EA, United Kingdom, Dumfries, 23 George Street.

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