The Jewellery Showroom Ltd

The Jewellery Showroom Ltd, based in Waltham Abbey, UK, is a small, active company established seven years ago. With eleven employees and £400,851 in assets, it operates from a real address and is led by two directors and owners. The company regularly imports jewelry, precious stones, and metals (for six months), and exports similar items (for eleven months), with the last export operation occurring in August 2024. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company’s website, The Jewellery Showroom, primarily serves as a platform for showcasing upcoming trade shows. It lists dates for events in Paris (June 1926), New York (June 4-13), and London, indicating a focus on connecting buyers and brands within the jewelry industry. There's no obvious e-commerce functionality; instead, the site encourages visitors to search for US buyers and request exclusive access, suggesting a B2B model centered around facilitating trade shows rather than direct sales. It seems like a well-designed site, but it's not clear how much revenue is generated from it.

Financially, The Jewellery Showroom Ltd presents a mixed picture. Current assets have fallen by 33%, dropping to £400,000, while net assets have also decreased significantly by 29%, settling at £390,000. Bank borrowings have increased by a substantial 2,400%, reaching £14,000, and cash reserves have plummeted 79%, leaving only £45,000. Creditors have decreased by 48%, which could be a positive sign of improved debt management. Despite the drop in cash, investments fixed assets have decreased by 6.6%. The lack of an auditor mentioned, likely due to its small size, means these figures are unaudited.

In conclusion, The Jewellery Showroom Ltd appears to be navigating a period of financial pressure. While its trade show focus suggests a strong network and potential for future growth, the significant drop in cash reserves and increase in borrowings raise concerns. It's likely the company is burning through money, but whether this is a temporary setback or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 11008618, with a registered address at EN9 1EE, United Kingdom, Waltham Abbey, Essex, 12b Sun Street.

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