Safir Gold Limited

Safir Gold Limited is a small, active company based in Brighton, UK, established thirteen years ago in 2012. With three employees and £643,550 in assets, it operates from a real address and is managed by one director and owner, Kahraman Hakan. The company’s primary activity involves importing clocks, watches, and their parts, though it’s an irregular importer with just one month of activity recorded as of March 2023. It also operates a retail business, selling watches and jewellery, with a website showcasing services like diamond ring design, wedding jewellery, and piano restoration.

The company's website, Safir Goldsmith, highlights its expertise in bespoke jewellery and restoration services. It's clear they're aiming for a high-end market, emphasizing craftsmanship and personalized service. The inclusion of piano restoration suggests a diversification of skills and potentially a family connection to a separate business.

Financially, Safir Gold Limited presents a mixed picture. Current assets increased by 6.1% to £640,000, but net assets decreased by 8.9% to £100,000. Bank borrowings dropped significantly by 69%, which is good news, but cash reserves fell by 75% to just £13,000. Creditors also decreased by 69%, indicating 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. The lack of an auditor is typical for a small company, so the accounts are unaudited.

Overall, Safir Gold Limited seems to be navigating a period of change. While asset growth is positive, the decline in cash reserves and net assets suggests the company is burning through money. The decrease in bank borrowings is a positive sign, but the company needs to carefully manage its cash flow to sustain its operations and continue offering its specialized services.

Registered in England/Wales under the registration number 08024194, with a registered address at BN1 1HB, England, Brighton, 50-52 Meeting House Lane.

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