Platinum Ring Company Limited

Platinum Ring Company Limited, based in Cardiff, UK, is a small, active company established 21 years ago. It holds £33,819 in assets and operates an e-commerce site selling rings online. With three directors and one owner, the company has a real address and employs no staff.

The company specializes in the retail sale via mail order houses or via internet, offering a wide range of platinum rings, including engagement, wedding, and eternity styles. Their website showcases a variety of designs, from classic to contemporary, with options for customization and a focus on competitive pricing. They also offer a buyer’s guide and inspiration articles, highlighting the benefits of platinum and offering advice on ring selection.

Financially, Platinum Ring Company Limited shows a mixed picture. While cash bank on hand remained stable at £32,000, current assets decreased by 6.6% to £34,000. Trade debtors saw a significant increase of 72%, suggesting a possible shift in payment terms or an increase in credit sales. Creditors, however, decreased by 16%, which is a positive sign. The company’s net assets remained consistent at £22,000. Dividends paid remained at £12,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial trends suggest it’s holding its own, but the increase in trade debtors could indicate a need to monitor cash flow closely. The website’s continued activity and focus on customer service, however, point to a business that’s actively working to maintain its position in the competitive ring market.

Registered in England/Wales under the registration number 05080295, with a registered address at CF24 5PJ, Cardiff, 7 Neptune Court, Vanguard Way, Cardiff.

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