Shangeetha Ltd

Shangeetha Ltd is a small, family-run business based in Chalfont St Peter, UK. Founded eight years ago in March 2017, the company is currently active and employs four people. It holds assets worth £2,612,981 and operates from a real address, with three directors and two owners. The company is a regular importer, specializing in iron or steel products, with recent imports recorded three months ago. They also operate a retail business selling watches and jewellery.

The company’s website, Sangeetha Jewellers, highlights its focus on beautiful design and craftsmanship. It offers a range of products, including semi-precious, diamond, traditional, wedding, antique, and fancy jewellery. Services include gold and diamond exchanges, jewellery repairs, custom orders, and monthly chit schemes. The website also emphasizes the company’s 20 years of experience, brought by founder Mr. Lutharsan Mahalingam, and its commitment to providing customers with the finest jewellery at affordable prices.

Financially, Shangeetha Ltd presents a mixed picture. Cash bank on hand has increased significantly, jumping 140% to £470,000, which is a good sign. However, finished goods have decreased by 7.1% to £2,100,000. Amounts owed to directors have decreased slightly, falling 3.3% to £620,000. Creditors have increased by 110%, reaching £310,000, and trade debtors have increased by a huge 890%, suggesting a possible issue with customer payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in creditors and trade debtors warrants attention. No auditor is mentioned, which is common for small companies. The company's equity has remained steady, at £1.4 million.

Registered in England/Wales under the registration number 10680694, with a registered address at SL9 0PF, United Kingdom, Chalfont St Peter, Treetops, Misbourne Avenue.

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