Smith's Jewellers Ltd

Smith's Jewellers Ltd, based in Dartington, UK, is a small, active company established ten years ago. Employing twelve people and holding £353,056 in assets, it operates as a family business with a real registered address and a dedicated e-commerce site. The company is run by one director and two owners, though it's important to note that the list of owners may not be exhaustive.

The business specializes in retail of furniture, lighting, and similar items, selling through both online and mail-order channels. Its website showcases a range of jewellery, including rings, bracelets, pendants, and earrings, with a focus on silver and unique designs. Recent activity shows regular updates to the site and a commitment to customer service, as evidenced by the "Join the team at Smiths" recruitment message.

Financially, Smith’s Jewellers Ltd presents a mixed picture. While current assets have increased significantly, reaching £350,000—a rise of 160%—net assets have taken a considerable hit, dropping to -£34,000—a decline of 190%. Bank borrowings have also increased substantially, rising by 110% to £260,000. Creditors have increased by 70% to £710,000, and trade debtors have ballooned by 630%. Despite these challenges, the company’s small size (meeting two of three criteria for a small company) allows for flexibility. The lack of an auditor mentioned suggests the company is exempt from an audit.

The sharp decline in equity raises questions, but the increased debtors could reflect a period of growth and expansion. The company's focus on online sales and a commitment to quality suggests a potential for future success, though careful management of its finances will be crucial.

Registered in England/Wales under the registration number 09459564, with a registered address at TQ9 6JY, England, Dartington, Devon, The Forest & Co Unit 5 Webbers Way, Webbers Yard.

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