Turquoise Jewellery Limited

Turquoise Jewellery Limited is a small, active company founded 18 years ago in 2007, based in London. With six employees and £632,316 in assets, it operates as a regular importer and exporter of jewelry, precious stones, and metals, having imported for 97 months and exported for just 4. The company, led by two directors and a solo founder, boasts a 3.0 Google rating from five reviews.

The company’s website showcases a wide range of jewelry, from bangles and rings to necklaces and earrings, catering to both men and women. It appears to be an e-commerce operation, with a focus on CZ (cubic zirconia) stones and personalized jewelry. The site clearly lists categories and bestsellers, and a dedicated "My Account" section suggests a focus on repeat customers.

Financially, Turquoise Jewellery Limited’s report reveals a mixed picture. While current assets increased slightly to £630,000, cash reserves plummeted 81% to just £520. Bank borrowings decreased by 45%, and creditors rose significantly by 71%, suggesting a reliance on short-term financing. Despite a decrease in other creditors, the substantial drop in cash is a concern. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the equity drop raises questions. The accounts are unaudited and prepared as “filleted accounts,” which is common for small companies.

Overall, Turquoise Jewellery Limited appears to be navigating a challenging financial landscape. While the e-commerce platform seems active and well-stocked, the sharp decline in cash reserves suggests the company may be burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen, but it's something to keep an eye on.

Registered in England/Wales under the registration number 06223406, with a registered address at EC1N 7UJ, 12 Portpool Lane, London.

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