Silver J Limited

Silver J Limited, based in Chingford, UK, is a small, active company founded 23 years ago in January 2002. It operates an e-commerce site specializing in sterling silver jewellery, as evidenced by its website, Silver by Mail. The company is owned by Kim Julie Hyunjoo, and has no directors listed. Despite having a real address with four other companies registered there, Silver J Limited currently reports only £45 in assets. Accounts are overdue by a year, and confirmation statements by two years.

Silver by Mail offers a wide range of jewellery, including bangles, earrings, necklaces, and rings, with a particular focus on handcrafted designs and gemstones. The website caters to international customers, offering currency conversion and shipping options for numerous countries. It also features a bridal collection, opal designs, and personalized jewellery, demonstrating a diverse product range and target market. The site's design is clean and user-friendly, with clear product categories and a prominent search function.

Financially, Silver J Limited is facing significant challenges. Current assets have plummeted by an astonishing 98%, dropping from £2,900 to a mere £45. Net assets and liabilities have also worsened, increasing by 17% to -£29,000. Bank overdrafts have decreased slightly, but remain at £11,000. Creditors have risen by 5.5% to £29,000, and other creditors have increased by 18% to £19,000. Cash reserves have fallen dramatically, decreasing 74% to just £45. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the sharp decline in assets and equity raises concerns. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

While the website appears active and well-stocked, the financials paint a picture of a company struggling to maintain its financial health. The significant drop in assets suggests potential liquidity issues, and the increasing debts indicate a need for improved cash flow management. Whether Silver J Limited can recover and sustain its online jewellery business remains to be seen.

Registered in England/Wales under the registration number 04346356, with a registered address at E4 7DT, United Kingdom, Chingford, London, 43 Mornington Road.

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