The Gem Cutter Ltd

The Gem Cutter Ltd from Stevenage UK: small company, active status, founded 4 years ago, £1,357 assets, real address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company, incorporated on July 08, 2020, operates in the retail sale of watches and jewellery, both in specialised stores and via online channels. Officially, it has one owner and one director, with no employees reported.

The company’s website showcases a focus on jewellery and watch sales, but it’s difficult to determine the extent of its e-commerce operations. There’s no clear indication of an online store or shopping cart functionality. Instead, the site seems to function more as an informational hub, detailing the company’s services and potentially serving as a contact point for inquiries. It’s possible the business operates primarily through other channels, such as wholesale or partnerships, or perhaps it’s in the early stages of developing its online presence.

Financially, The Gem Cutter Ltd presents a picture of a very small, possibly struggling, enterprise. Current assets are a mere £1,400, and net assets are a negative £2,200, indicating accumulated losses. Cash on hand remains steady at £3,400, but creditors are £3,600, and trade debtors are -£2,100. The company’s small size (meeting two of three conditions for a small company) allows it to remain agile, but the negative equity and reliance on creditors suggest it’s operating on a tight budget. No auditor is mentioned, which is common for small companies exempt from an audit. The accounts are described as “filleted” which means they are simplified and don’t provide extensive detail. The company’s last reported date for accounts is July 31, 2024.

Registered in England/Wales under the registration number 12728743, with a registered address at SG2 8TG, United Kingdom, Stevenage, Hertfordshire, 97 Stirling Close.

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