Prestigious Jewellers Limited

Prestigious Jewellers Ltd, based in Leeds, UK, is a small holding company with an active status, established nine years ago in 2016. The company employs just two people and holds assets totaling £742,200. It operates from a virtual address – registered at a location shared by 27 other companies – and is led by one director and two owners. The business irregularly imports and exports clocks, watches, and their parts, with recent activity in August 2024 for imports and November 2024 for exports.

The company's website, prestigiousjewellers.co.uk, showcases a luxury watch and jewellery retailer specializing in high-end brands like Audemars Piguet, Rolex, and Patek Philippe. It operates both an online store and a physical boutique in Leeds City Centre, catering to a discerning clientele. The site emphasizes authenticity, fast delivery, and a strong social media presence, boasting 300,000 followers on Instagram and welcoming celebrities like Mo Vlogs and Abdu Rozik. The business also offers services like gold buying, watch consignment, and virtual appointments.

Financially, Prestigious Jewellers Ltd presents a mixed picture. Cash reserves have impressively grown by 100% to £210,000, while current assets increased by 32% to £740,000. However, trade debtors have dramatically risen by 890% to £320,000, suggesting potential issues with customer payments. Equity has also increased significantly, jumping 62% to £640,000. Bank borrowings have decreased by 20% to £36,000. The company meets the criteria for a small business – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financial statements are unaudited. The company’s net losses deepened from -£10,000 to -£23,000, while cash reserves plummeted 71% to just £4,100.

Registered in England/Wales under the registration number 09988440, with a registered address at LS7 3QB, England, Leeds, West Yorkshire, West Hill House Allerton Hill, Chapel Allerton.

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