R.w. Diamonds Ltd

Rw Diamonds Ltd, based in London, UK, is a small, active company founded nine years ago. With three employees and £2,135,565 in assets, it operates from a virtual address – a detail flagged by the registration of 1167 other companies at the same location. The business is led by a single director and owner, who is also the solo founder. While it irregularly imports clocks, watches, and their parts (just one month of activity in 2022), it’s a regular exporter of these same items (five months of activity, last in 2020). The company operates within the other business support service activities n.e.c. industries.

The company’s website, rwdiamonds.co.uk, showcases a bespoke engagement ring service. Customers can browse designs, work with consultants to create custom rings, and choose from a selection of natural, lab-grown, and colorful stones. The site emphasizes expert service, local craftsmanship (rings are made in a London workshop), and insured nationwide shipping. The site’s portfolio section highlights a range of ring styles, from classic solitaire designs to more elaborate halo and pave settings. It also features a blog with articles on diamond selection and ring design.

Financially, Rw Diamonds Ltd’s recent performance presents a mixed picture. While current assets increased by 13% to £2,100,000, equity dropped by 9.9% to £1,300,000. Bank borrowings jumped significantly, rising by 2,400% to £34,000, while cash reserves plummeted 100% to a mere £41. Creditors also increased by 19% to £830,000. The company’s small size (meeting two of three criteria for being small) helps it stay nimble, but the sharp drop in cash and increase in borrowing suggest it's burning through money. The company is exempt from an audit, so the figures are unaudited.

The rise in bank borrowings and decrease in cash reserves, coupled with increased creditors, indicate that Rw Diamonds Ltd is facing financial pressures. Despite a strong online presence and focus on bespoke services, the company will need to manage its cash flow carefully to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09773151, with a registered address at EC3V 3QQ, United Kingdom, London, 73 Cornhill.

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