Smp Bullion And Diamonds Ltd

SMP Bullion And Diamonds Ltd from Birmingham UK: small company, active status, founded 11 years ago, 8 employees, £390,460 assets, real address, 1 director, 1 owner, google rating 5.0 based on 6 reviews. Regular importer of jewelry, precious stones, and metals (41 months imported). It’s a small, active company operating in Birmingham, UK, and has been around for eleven years. The business employs eight people and holds assets totaling £390,460. With a real address and a single director and owner, it maintains a strong 5.0-star rating on Google based on six reviews. The company is a regular importer, specializing in jewelry, precious stones, and metals, with consistent import activity over the last 3.3 years.

The company's website, salessmpbullionanddiamonds.co.uk, reveals a multifaceted business focused on buying and selling scrap gold and precious metals. It offers a "hassle-free" process for sellers, including free insured postage and guaranteed payment within 24 hours. Beyond scrap metal, SMP Bullion also manufactures bullion bars, provides a "transparent melt service" allowing customers to observe the melting process, and caters to trade customers with services like diamond jewelry wholesale and bespoke manufacturing. They are even authorized distributors for Metalor and Umicore, offering investment-grade bullion products. The website also has a blog section with information on investing in gold.

Financially, SMP Bullion And Diamonds Ltd shows some concerning trends. Current assets have dropped significantly by 42%, falling to £390,000. Bank borrowings have increased dramatically, rising by 170% to £120,000. Creditors also increased by 59%, reaching £400,000. While net assets increased by 38% to £130,000, the rise in liabilities suggests the company may be burning through cash. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the increase in debt needs to be watched. There's no auditor mentioned, which is common for small companies. The company’s average number of employees increased by 25%, which could be a sign of growth or a need to manage costs. It's likely that the company is trying to expand its services, which could explain the increased debt and employee count, but it’s important to monitor its cash flow closely.

Registered in England/Wales under the registration number 08827184, with a registered address at B18 6DU, England, Birmingham, 41 Northampton Street.

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