Nettletons Jewellers Ltd

Nettletons Jewellers Ltd from Oldham UK: a small, active company founded four years ago, employs nine people, and holds £1,157,329 in assets. It operates from a virtual address – a bit odd, as 112 companies are registered at the same location – and is run by two directors and a solo founder. Google users rate it a perfect 5.0 based on 61 reviews. The company is an irregular importer of clocks, watches, and their parts, with just one month of imports recorded as of April 2023.

The company’s website showcases a wide range of jewellery and watches, from engagement rings to pocket watches, catering to diverse tastes and budgets. It operates both a physical store in Clitheroe and a robust online presence, emphasizing bespoke design services and a curated selection of brands. The website even features a piano division, a surprising addition to the jewellery business, suggesting a broader family enterprise with a history stretching back decades.

Financially, Nettletons Jewellers Ltd presents a mixed picture. Cash reserves increased by a solid 24% to £720,000, a positive sign. However, accumulated depreciation on property, plant, and equipment rose significantly by 42%, indicating wear and tear on its assets. Trade creditors decreased by a substantial 88%, which is good, but it’s worth noting that net assets still dropped by 33% to £640,000. The company’s small size – meeting two of three conditions for being considered small – allows it to remain flexible, but the drop in equity raises some questions. As a small company, it’s exempt from an audit, so the figures are unaudited. Overall, Nettletons Jewellers Ltd seems to be navigating a changing market, balancing tradition with modern retail practices.

Registered in England/Wales under the registration number 13273306, with a registered address at OL1 1TE, United Kingdom, Oldham, Lancashire, C/O Seftons, 135-143 Union Street.

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