Plus Gold Refining Limited

Plus Gold Refining Ltd, based in Birmingham, UK, is a small, active company founded ten years ago. With seven employees and £3,031,403 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company enjoys a stellar 5.0 Google rating from 46 reviews and regularly imports goods, though the top import category is listed as "None" with 19 months of activity recorded.

The company’s website reveals a core business: buying scrap gold. It offers a scrap calculator, seller’s guide, and showroom, all promoting competitive pricing and expert advice. Located in the world-famous Jewellery Quarter, Plus Gold Refining Ltd caters to both in-person and mail-order customers, offering a range of services from valuation to refining. The website also mentions disaster recovery for damaged pianos—an interesting, perhaps unrelated, service.

Financially, Plus Gold Refining Ltd presents a mixed picture. Current assets increased by a substantial 80% to £3,000,000, while net assets grew 62% to £2,400,000. However, trade debtors plummeted by a staggering 96%, suggesting potential issues with collecting payments. Bank borrowings also increased significantly, by 250%, reaching £540,000, and cash reserves fell 30% to £230,000. Creditors, however, decreased by 18%, which could indicate improved debt management. As a small company, it meets two of the three criteria for classification (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), and no auditor is mentioned.

The company’s financial trajectory suggests a period of growth, but also potential challenges in managing receivables. The diverse range of services—from scrap gold buying to piano disaster recovery—raises questions about its long-term strategy, but its strong Google rating and Jewellery Quarter location offer a solid foundation.

Registered in England/Wales under the registration number 09121562, with a registered address at B18 6DE, Birmingham, 43 - 45 Spencer Street.

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