Silvermim Ltd

Silverist Ltd, based in Bedford, UK, is a small, active company founded four years ago. It employs just one person and holds £14,115 in assets. As a solo-founded operation with two directors, it operates an e-commerce site selling sterling silver jewellery, with a focus on earrings, necklaces, and bracelets. It regularly imports clothing and accessories made by knitting or crocheting, with 14 months of import activity recorded.

The SilveristUK website showcases a wide range of 925 sterling silver jewellery, catering to customers looking for both classic and contemporary designs. The site emphasizes beautiful fashion hits and timeless classics, with a focus on customer enjoyment. It offers a variety of items, including earrings, bracelets, rings, and sets, alongside Baltic amber and religious items.

Financially, Silverist Ltd presents a mixed picture. Current assets have decreased by 29%, dropping to £14,000, while net assets have plummeted 100%, resulting in a negative balance of -£220. Bank borrowings have surged by a staggering 270%, reaching £17,000, and cash reserves have fallen 74%, leaving just £140. Trade debtors have also decreased by 43%, suggesting a possible issue with customer payments. Despite these challenges, creditors have decreased by 75%, which is a positive sign. 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 agility, but the significant equity decline warrants attention. As a small company, it is exempt from an audit, and the figures are unaudited.

The company's increasing loans from directors, while potentially a sign of investment, could also indicate a need for additional funding. It's clear that Silverist Ltd is navigating a period of financial adjustment, and its success will depend on its ability to manage these pressures while maintaining its online presence and customer base.

Registered in England/Wales under the registration number 12618406, with a registered address at MK42 9SH, England, Bedford, 43 Brackley Road.

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