Radiant Diamonds Ltd

Radiant Diamonds Ltd from Leicester UK: a small, active company founded fifteen years ago, employs six people, and holds £717,949 in assets. It’s a family business with three directors and two owners, operating from a real address. The company is an irregular importer, with its top category being jewelry, precious stones, and metals, although imports have only occurred for two months, with the last activity in November 2022.

Radiant Diamond Consulting, the company's website, reveals a different facet. It's a specialist diamond consultancy, valuation, and advisory firm, boasting extensive experience built over two decades. The firm provides business advice and valuation services to the diamond industry, leveraging a global network of contacts. It also offers management consultancy services to UK companies, particularly SMEs and startups. The website emphasizes building long-term relationships based on trust and mutual respect. The company’s services include diamond valuation, brokering deals, and delivering management services.

Financially, Radiant Diamonds Ltd presents a mixed picture. While current assets remain relatively stable at £720,000, net assets have increased significantly to £390,000. However, bank borrowings have decreased to £70,000, and cash reserves have fallen to £120. Creditors have also decreased considerably, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, which is common for small, exempt companies.

The company's increased net assets is a positive sign, but the drop in cash reserves could indicate increased investment or operational expenses. The decrease in bank borrowings is also encouraging. Overall, Radiant Diamonds Ltd appears to be financially stable, though it's worth monitoring the cash flow situation closely.

Registered in England/Wales under the registration number 07112673, with a registered address at LE1 5DR, Leicester, 25 Loseby Lane.

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