Two Skies Ltd

Two Skies Ltd, based in Burntisland, UK, is a small, active company founded eleven years ago in 2014. Employing ten people and holding £326,106 in assets, it operates from a real address and is overseen by two directors and owners. The business irregularly imports and exports jewelry, precious stones, and metals, with the last import operation recorded in August 2024 and the last export in October 2022.

The company’s website, Two Skies, specializes in stunning jewelry featuring Scottish-born gemstones. It offers a wide range of items, from pendants and rings to bracelets and cufflinks, showcasing unique designs and rare materials like Scottish Beryl, Elie Ruby, and Skye Marble. The site also features a separate section for vintage porcelain and offers gift cards, demonstrating a diverse product range. A physical shop is located on Edinburgh’s Royal Mile, adding a traditional retail presence to the online store.

Financially, Two Skies Ltd presents a mixed picture. Current assets remained relatively stable at £330,000, while net assets decreased by 33% to £260,000. Bank borrowings decreased by 4.2% to £390,000, and cash reserves fell by 27% to £72,000. Creditors increased by 6.9% to £660,000, suggesting a need for careful 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) allows for agility, but the decline in equity warrants attention. As a small company, the financial statements are unaudited.

The business appears to be operating, but the decrease in equity raises questions about its long-term financial health. The combination of online sales, a physical store, and a focus on unique Scottish gemstones suggests a strong brand identity, but sustaining profitability will be key.

Registered in Scotland under the registration number SC469973, with a registered address at KY3 9YG, Burntisland, Fife, Craigencalt Farm, Kinghorn.

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