Red Bear Jewellery Ltd

Red Bear Jewellery Ltd, based in Huddersfield, UK, is a small, active company established eleven years ago in 2013. With a single employee and £61,079 in assets, it’s a solo founder operation led by a director and owner, Patrick Gillian Carol. The business operates from a virtual address—with forty other companies registered at the same location—and enjoys a perfect 5.0 Google rating from three reviews. The company’s core business revolves around manufacturing jewellery and related articles, as well as retail sales through stalls, markets, and online platforms.

The company's website, while not providing detailed e-commerce functionality, showcases a range of handcrafted jewellery pieces, emphasizing unique designs and personalized service. It appears to be a primarily offline business, with the website serving as a portfolio and contact point.

Financially, Red Bear Jewellery Ltd's recent performance presents a mixed picture. Current assets have decreased by 31%, falling to £61,000. Net assets have also declined, dropping 19% to £38,000. Cash reserves have taken a significant hit, plummeting 45% to £38,000. However, creditors have decreased by 48%, suggesting improved debt management. Trade debtors have also fallen by 16%, indicating quicker payments. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the decrease in equity raises concerns. The company is exempt from an audit, so the figures are unaudited.

Overall, Red Bear Jewellery Ltd seems to be navigating a period of financial adjustment. While the decrease in assets and cash reserves is notable, the reduction in liabilities suggests a focus on managing debt. The business’s niche focus and positive customer reviews could help sustain it through this period.

Registered in England/Wales under the registration number 08634244, with a registered address at HD8 8EL, Huddersfield, West Yorkshire, Whitby Court Abbey Road, Shepley.

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