Spiritual Planet Limited

Spiritual Planet Ltd from Sevenoaks UK: a small, active company founded 19 years ago, employs two people, and holds £547,743 in assets. It's a family business with three directors and two owners, boasting a stellar 5.0 Google rating from six reviews. The company regularly imports jewelry, precious stones, and metals (26 months of import activity, last in January 2025), and occasionally exports similar items (1 month of export activity, last in January 2022).

The company operates in the non-specialised wholesale trade and retail sale via mail order houses or via internet. While a dedicated website isn’s available, it’s likely Spiritual Planet Ltd focuses on online sales and wholesale distribution of jewelry and related goods.

Financially, Spiritual Planet Ltd shows some concerning trends. Current assets have decreased by 17% to £550,000, and net assets have fallen 17% to £180,000. Bank borrowings have increased significantly, surging 2,400% to £36,000, while cash reserves have vanished entirely. Creditors have also decreased by 12%, suggesting better debt management. 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 sharp decline in cash and equity raises questions about its financial health. No auditor is mentioned, which is expected for a small, exempt company.

Overall, Spiritual Planet Ltd appears to be navigating a period of financial pressure. While its strong Google rating suggests customer satisfaction, the declining assets and increased borrowings indicate a need for careful management and possibly a reevaluation of its business model.

Registered in England/Wales under the registration number 05503420, with a registered address at TN14 7RE, England, Sevenoaks, 12 Cudham Park Road, Cudham.

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