Piccadilly Vaults Ltd

Piccadilly Vaults Ltd, a small, active company based in London, UK, has been trading for eight years. Founded by a solo entrepreneur, the business employs six people and holds assets valued at £1,759,410. It operates from a real address in Piccadilly Arcade, St James’s, and is overseen by two directors. While primarily known for exporting clocks, watches, and their parts—with four months of export activity recorded—it also engages in irregular importing of art and antiques, with just one month of import activity in 2018. The company's website highlights its expertise in antique and vintage jewellery, and mentions appearances in a Channel 5 documentary and a Financial Times article.

The business appears to be a specialist jeweller, with a focus on antique and vintage pieces, as well as offering jewellery services. Its online presence suggests a retail operation, but the website doesn’s explicitly state if it’s primarily an e-commerce business. It seems to be a brick-and-mortar store with a website for additional information and perhaps some online sales.

Financially, Piccadilly Vaults Ltd shows a mixed picture. While cash bank on hand increased by 8.6% to £190,000, bank borrowings surged by a staggering 230% to £32,000—a significant increase. Creditors decreased by 4.4% to £1,600,000, suggesting improved debt management. The company’s small size—meeting two of three conditions for being classified as small—helps it remain flexible, but the rise in borrowing and the decrease in equity (down 99% to £180,000) warrant attention. Future minimum lease payments jumped by a huge 10,000% to £33,000, which is a big change. The company is exempt from an audit, so the financial statements are unaudited.

Overall, Piccadilly Vaults Ltd seems to be navigating a period of change. While its core business of exporting timepieces appears stable, the increase in borrowing and the decrease in equity suggest it may be burning through money. The company's focus on high-end jewellery and its appearances in prominent media outlets indicate a brand with potential, but it will need to manage its finances carefully to ensure long-term success.

Registered in England/Wales under the registration number 10345037, with a registered address at SW1Y 6NH, England, London, 13 Piccadilly Arcade, St James's.

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