Oswestry Goldsmiths Ltd

Oswestry Goldsmiths Ltd, based in Oswestry, UK, is a small, active company established 14 years ago. Employing 14 people and holding £137,362 in assets, it operates from a real address and is managed by a single director and owner. The business enjoys a stellar 5.0-star Google rating based on 28 reviews. It functions as an irregular importer, primarily bringing in clothing and accessories made by knitting or crocheting, with the last import occurring one month ago. The company’s core business involves the retail sale of watches and jewellery in specialised stores.

The company's website showcases a wide selection of watches from brands like Tissot and Citizen, alongside diamond rings and jewellery. Services offered include handmade jewellery creation, and the site prominently features brands like Clogau and G Jools. The website’s layout suggests a traditional jewellery store with an online presence, rather than a full-blown e-commerce platform—customers can browse products, but the site doesn’t appear to facilitate direct online purchases. Contact information is clearly displayed, including a phone number and email address.

Financially, Oswestry Goldsmiths Ltd presents a mixed picture. Current assets have decreased significantly, dropping 67% to £140,000, while net assets have also fallen 14% to -£1,000,000. Bank borrowings have reduced by 31% to £18,000, and cash reserves have plummeted 58% to £23,000. Creditors have also decreased substantially, falling 69% to £55,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is concerning. No auditor is mentioned, meaning the figures are unaudited.

Overall, Oswestry Goldsmiths Ltd appears to be facing financial pressures. The decrease in assets and equity suggests the business may be burning through cash, though the reduction in creditors indicates improved debt management. Whether the company can sustain its operations and maintain its strong Google rating remains to be seen.

Registered in England/Wales under the registration number 07511811, with a registered address at SY11 2SU, Oswestry, Shropshire, 11 Church Street.

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