S K Diamonds Limited

S K Diamonds Limited, based in Halesowen, UK, is a small, active company founded 14 years ago in 2010. With a single employee and £239,400 in assets, it operates from a virtual address shared by 91 other companies, a little unusual. The business is run by two directors and a single owner, who is also the solo founder. S K Diamonds regularly imports and exports jewelry, precious stones, and metals—29 months of import activity and 14 months of export activity, the last in June 2024. The company's website highlights its role as a diamond jewelry manufacturer with over 30 years of experience, boasting facilities in India, Mexico, and the USA. It primarily supplies midsize chains and independent jewelry stores, offering fulfillment and local distribution across several countries.

The company’s website reveals a global presence, with offices in the USA, UK, Mexico, India, and Australia. It emphasizes its expertise in diamond jewelry manufacturing, specializing in supplying midsize chains and independent stores. The site also promotes its trade shows, order placement, and account opening opportunities. It's clear they're focused on B2B sales rather than direct consumer interaction.

Financially, S K Diamonds Limited presents a mixed picture. Cash reserves have significantly dropped by 83%, falling to £70,000, which is a big change. While current assets also decreased by 54%, settling at £240,000, trade debtors have surged by 220%, reaching £150,000—suggesting a potential reliance on customer payments. Equity, however, has seen a modest increase of 4%, reaching £43,000. The number of employees has doubled to two, which is a positive sign. Despite the fluctuations, the company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 25 employees. The unaudited financial statements, which are exempt due to the company's small size, don’t mention an auditor.

Overall, S K Diamonds Limited appears to be navigating a period of change. The increase in trade debtors and decrease in cash reserves suggests potential cash flow challenges, but the growth in employees and the continued import/export activity indicate ongoing business operations. It's a company that seems to be adapting to market conditions, but keeping a close eye on its finances will be crucial.

Registered in England/Wales under the registration number 07405874, with a registered address at B63 3TT, Halesowen, West Midlands, Church Court, Stourbridge Road.

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