Novocastrian Rings Limited

Novocastrian Rings Ltd from Consett UK: a small, family business, is active and has been around for 21 years. With 11 employees and £550,175 in assets, it's a modest operation managed by three directors and two owners. The company has a real address and regularly imports jewelry, precious stones, and metals – its last import was made in September 2024.

The company’s website showcases a unique blend of craftsmanship and high-end design. It's a manufacturer of jewelry and related articles, with a focus on bespoke pieces and special projects. The website highlights a "Hyem Collection" and "Finishes" alongside custom work, and even features a section on "Special Projects." It also has a section for pianos, which is a bit strange. The site emphasizes British craftsmanship and caters to discerning clients, offering multiple currencies and even a "Trade" section for wholesale inquiries. It's clear that they're aiming for a premium market, with a focus on quality and customization.

Financially, Novocastrian Rings Ltd shows a mixed picture. Current assets increased by a good 20% to £550,000, while bank cash reserves grew by a significant 33% to £440,000. However, creditors decreased by 2.2%, suggesting better debt management. Trade debtors decreased by 38%, which could mean quicker payments or tighter credit terms. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible. The company's net assets grew by 38% to £370,000. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Novocastrian Rings Ltd appears to be in a stable position, benefiting from a strong brand and a focus on high-quality products. The company’s ability to maintain healthy cash reserves and manage its debts effectively suggests a well-run business, although the sudden rise in creditors needs to be watched.

Registered in England/Wales under the registration number 04955227, with a registered address at DH8 5QP, England, Consett, 23 Middle Street.

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