Precious One Limited

Precious One Limited is a small, active family business based in London, UK. Founded sixteen years ago in 2009, it employs eleven people and holds assets totaling £363,085. The company, led by two directors and two owners, regularly imports jewelry, precious stones, and metals—a consistent activity over the last seven months—while occasionally exporting clocks, watches, and their parts, with just one month of export activity recorded as of December 2023.

The company operates a retail business selling watches and jewelry, as evidenced by its website, Precious Little One Trading Limited. The site showcases a wide range of products, from nursery furniture and baby nests to travel systems and clothing, catering to parents and families. It offers free shipping on orders over £50 and emphasizes secure payment options, suggesting a focus on customer convenience and online sales. The website also features a physical store location in Dartford, indicating a blend of online and brick-and-mortar retail.

Financially, Precious One Limited presents a mixed picture. Current assets have decreased by 19% to £360,000, while net assets have fallen by 15% to £280,000. Bank borrowings have increased by 24%, reaching £8,500, and cash reserves have dropped 46% to £110,000. Creditors have also decreased by 30%, suggesting improved debt management. The company’s small size—meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—allows for flexibility, but the decline in equity warrants attention. With no auditor mentioned, the financial statements are unaudited.

Overall, Precious One Limited appears to be navigating a period of change. While its retail operations seem active and its website well-maintained, the financial data suggests a need to carefully manage expenses and maintain a healthy cash flow.

Registered in England/Wales under the registration number 06798612, with a registered address at EC1R 4QL, London, 41 Exmouth Market.

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