The Coin Connection Ltd

The Coin Connection Ltd is a small, active company based in Tamworth, UK, founded six years ago in 2018. With £627,707 in assets and a virtual address, it employs three people and is managed by one director and owner, Moore Sonny Michael. The company operates in the retail sale via mail order houses or via internet industries and is an irregular exporter, primarily dealing in jewelry, precious stones, and metals, with just two months of export activity recorded as of May 2022.

The company's website, salesthecoinconnection.co.uk, positions it as a British collectible coin dealer specializing in gold, platinum, and silver coins. It offers a wide range of commemorative coins and other products, catering to both UK and international customers. The site features a user-friendly interface, allowing visitors to browse coins by country, theme, or metal, and even offers a "Coin Assist" service for customers seeking specific items. The company also has a showroom in Harrods, London.

Financially, The Coin Connection Ltd shows a mixed picture. Current assets decreased by 20% to £630,000, while net assets increased by 3.1% to £460,000. Bank borrowings decreased by 8.0% to £13,000, and cash reserves fell by 40% to £220,000. Creditors decreased by 51% to £160,000, suggesting improved 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) helps it stay agile, but the decrease in cash reserves is something to keep an eye on. As a small company, it's exempt from an audit, so the figures are unaudited.

Overall, The Coin Connection Ltd appears to be holding its own, but the decrease in cash reserves suggests it's not burning through money like a startup. It's a small, specialized business with a solid online presence, but the long-term sustainability will depend on maintaining its niche market and managing its finances carefully.

Registered in England/Wales under the registration number 11343040, with a registered address at B79 7RB, England, Tamworth, Staffordshire, The Old Council Chambers, Halford Street.

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