Neve Jewels Limited

Neve Jewels Ltd, a London-based family business, has been active in the jewelry trade for seventeen years. Employing eighty-two people, the company holds £14,444,433 in assets and generates a yearly revenue of £29,868,654. With four directors and four owners, Neve Jewels is a regular importer and exporter of jewelry, precious stones, and metals, having imported for 187 months and exported for 186 months. The company operates from a real address in Hatton Garden and is classified as a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than fifty employees.

The company's website showcases a range of jewelry, primarily rings, necklaces, bracelets, and earrings, available for purchase online. It appears to be a fully functioning e-commerce platform, with detailed product descriptions, high-quality images, and a clear shopping cart process. The website highlights a focus on 14K gold pieces, often incorporating diamonds, pearls, topaz, and other precious stones. A dedicated section showcases diamonds, suggesting a specialization in this area.

Financially, Neve Jewels Ltd demonstrates a mixed picture. While turnover increased by 18%, net assets decreased by 17%, and bank borrowings increased by 11%. Cash reserves fell by 12%, and trade debtors increased by 30%. Creditors decreased by 10%. The company's small size allows for agility, but the decrease in net assets warrants attention. The lack of auditor information, typical for small companies, means the figures are unaudited.

The company’s financial data shows a decline in cash reserves, which could indicate a need for careful cash flow management. The increase in trade debtors suggests potential delays in customer payments, which may impact the company's working capital. However, the decrease in creditors indicates improved debt management. Overall, Neve Jewels Ltd appears to be a well-established jewelry retailer facing typical challenges for a growing business.

Registered in England/Wales under the registration number 06453160, with a registered address at EC1N 8AD, United Kingdom, London, 7 Hatton Garden.

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