Phelans Jewellers Limited

Phelans Jewellers Ltd, based in Bedfordshire, UK, is a small, active company established 19 years ago. With six employees and £468,503 in assets, it operates from a virtual address, a detail worth noting as eighteen companies share the same location. Two directors and one owner manage the business, which enjoys a stellar 5.0 Google rating based on 151 reviews. The company is a regular importer of jewelry, precious stones, and metals, with recent activity recorded in October 2024.

The company’s website showcases a range of bespoke and independent jewelry designs, emphasizing engagement rings, wedding bands, and other unique pieces. It’s clear that Phelans Jewellers focuses on online sales, with limited stock available for viewing in-person. The site highlights a curated selection of designs, and encourages customers to visit the showroom. It’s a well-designed e-commerce site, with a focus on high-quality photography and detailed product descriptions.

Financially, Phelans Jewellers Ltd presents a mixed picture. Current assets remained stable at £470,000, but equity dropped by nearly 5%, settling at £290,000. Bank borrowings decreased by 17%, falling to £25,000, while cash reserves increased by 50%, reaching £120,000. Creditors also increased by 24%, reaching £150,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt from an audit.

Overall, Phelans Jewellers Ltd appears to be a well-regarded small business with a strong online presence. While the drop in equity is a point of interest, the company’s healthy cash reserves and stable assets suggest it’s managing its finances reasonably well. The virtual address, however, warrants further investigation.

Registered in England/Wales under the registration number 05682037, with a registered address at LU1 3TD, Bedfordshire, 15 Home Farm, Luton Hoo Estate, Luton.

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