Silver Bar Ltd

Silver Bar Ltd, based in Watford, UK, is a small, family-run business with an active status, having been founded fifteen years ago. The company employs ten people and holds £420,654 in assets, operating from a virtual address. Two directors and two owners manage the business, which regularly imports jewelry, precious stones, and metals—a trend observed over the past fourteen months.

The company's website reveals a fascinating dual operation. While Silver Bar Ltd primarily functions as a supplier of precious metals—gold and silver bars—to the Mauritian market, its roots trace back to 2007, initially focusing on melting and refining second-hand jewelry. Overcoming challenges posed by the COVID-19 pandemic, the company expanded its operations, importing and distributing a broader range of metals. Today, it’s positioned as a leading supplier in Mauritius, with a focus on providing gold and silver to local jewelers and investors. The website highlights the growing demand for gold, driven by craftsmanship, customization, and safe investment, and the popularity of silver for its affordability and versatility in jewelry design.

Financially, Silver Bar Ltd presents a mixed picture. Current assets have decreased by 13% to £420,000, while net assets have increased by 17% to £250,000. Bank borrowings have decreased by 48% to £22,000, and cash reserves have fallen by 21% to £57,000. Trade debtors have increased significantly by 94%, which could indicate a strategic move to offer more credit to customers or potentially delayed payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors warrants monitoring. As a small company, it is exempt from an audit, so the financial data is unaudited.

Registered in England/Wales under the registration number 07212534, with a registered address at WD18 9PX, England, Watford, Hertfordshire, 1st Floor 5 Century Court, Tolpits Lane.

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