Oceanjewel Ltd

Oceanjewel Ltd from Bexhill-On-Sea UK: a small company with an active status, founded two years ago, employs just one person, and holds £72,958 in assets. Operating from a virtual address, the company is led by a single director and owner, who is also the solo founder. It runs an e-commerce site specializing in jewellery.

The website, OceanJewel, showcases a wide range of products including silver and gold pendants, necklaces, bracelets, rings, and pearl jewellery. It’s clearly geared towards a fashion-conscious audience, with a focus on beach and streetwear aesthetics. The site highlights stainless steel construction, waterproof designs, and a commitment to sustainability – plastic free and striving to reduce environmental impact. The “About Us” section tells the story of Ethan Harrington, a beach lover and jewellery enthusiast who launched the business while at university, aiming to offer unique, high-quality jewellery at affordable prices. The company has sold to over 70 countries worldwide.

Financially, Oceanjewel Ltd presents a mixed picture. Current assets have fallen by 15% to £73,000, while net assets have increased by 5.2% to £57,000. Cash bank on hand has dropped by 14% to £71,000. Trade creditors have decreased significantly by 48%, suggesting improved management of short-term debts. The company’s small size – meeting two of three conditions for a small company – allows for agility. However, the decrease in cash reserves is something to watch. The company is exempt from an audit, so the financial statements are unaudited.

The business seems to be doing alright, but it's probably burning through cash a little faster than it's bringing it in. The company’s focus on a specific niche—stylish, durable jewellery inspired by beach culture—could be a strength, but it also makes it vulnerable to changing trends.

Registered in England/Wales under the registration number 14208322, with a registered address at TN40 1HE, United Kingdom, Bexhill-On-Sea, East Sussex, 20 Eversley Road.

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