Somya London Ltd

Somya London Ltd is a small, active company based in London, UK, founded four years ago in 2020. It operates as an e-commerce site specializing in gemstone jewellery, employing just one person and holding £13,849 in assets. The company’s registered address is a virtual one, shared by many other businesses, and is managed by one director and owner, Bhikha Neeta.

The company's website showcases a wide range of sterling silver and 14k gold vermeil gemstone jewellery, catering to modern women with affordable luxury pieces. It offers various collections, including rings, necklaces, bracelets, and earrings, and even provides student discounts. The site also features gift ideas and a blog with gemstone guides. It's clear Somya London Ltd is focused on online retail and building a brand around accessible, contemporary gemstone jewellery.

Financially, Somya London Ltd’s numbers paint a mixed picture. Current assets have decreased by 27% to £14,000, while net losses have increased by 53% to -£53,000. Cash bank on hand has also fallen significantly by 49% to just £2,700. Trade debtors have risen dramatically by 410% to £640, suggesting a possible increase in credit sales. Creditors have also increased by 23% to £67,000. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the decline in equity is concerning. As a small company, it’s exempt from an audit, so the figures are unaudited.

It seems like Somya London Ltd is facing some financial pressures, despite its active online presence and focus on a specific niche. Whether it can maintain its growth trajectory remains to be seen, but its commitment to ethical sourcing and design could be key to its long-term success.

Registered in England/Wales under the registration number 12586764, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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