Sterling Mint Ltd

Sterling Mint Ltd from Stoke-On-Trent UK: small company, holding company, active status, founded 5 years ago, £47,074 assets, virtual address, 1 director, 2 owners, e-commerce site. It’s a small, family-run business operating in the retail sale of collectible silver coins and medals, primarily through its online store. Founded in February 2020, the company has a real registered address, though it's likely a virtual one, as eighty-four companies share the same location. The business is overseen by one director and two owners, with no employees reported.

The website, Sterling Mint, showcases a wide range of silver coins and medals, often with limited mintages. It emphasizes exclusive offers, a 60-day satisfaction guarantee, and secure checkout – all hallmarks of a modern e-commerce operation. The site also highlights the company’s focus on customer experience and delivering high-quality products.

Financially, Sterling Mint Ltd presents a mixed picture. Current assets have fallen by a significant 33%, dropping to £47,000, while net assets have plummeted 47% to -£190,000. Bank borrowings have increased, and cash reserves have decreased, suggesting the company is burning through money. Creditors have also risen, indicating a reliance on short-term financing. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in equity is concerning. With no auditor mentioned, the figures are unaudited.

The company’s focus on exclusive coins and medals, combined with its online presence, suggests a niche market strategy. However, the financial data indicates a need to carefully manage cash flow and potentially explore new revenue streams to ensure long-term sustainability.

Registered in England/Wales under the registration number 12454504, with a registered address at ST1 5RQ, England, Stoke-On-Trent, Staffordshire, Suite 2 Albion House 2 Etruria Office Village, Forge Lane, Etruria.

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